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ment is in place (Before Easement Value), and the appraised value of the land after the easement is in place (After Easement Value). The value thus established is the value of the donation for tax purposes. The easement can also serve to decrease or stabilize real estate taxes.
Q. What happens after the property owner’s death?
A. If a property owner who donates a conservation easement continues to own the property until death, the value of his estate w ill be reduced by the value of the easement ascertained at the time of death. The estate taxes will be reduced proportionately.
Q. What if the property owner gives the land to his children?
A. A donor of a conservation easement can minimize the tax consequences of a gift of easement protected land to a member of your immediate family provided that the easement is in place prior to the transfer of your land.
Q. What happens to the value of your land for later sale?
A. There is no certain answer to this question. It may go down because the property owner has given away the right to intensive subdivision development. However, where adjoining landowners also donate easements the entire area generally becomes a more desirable place to live, enhanced by a protected green network which safeguards water, land, wildlife and visual order: consequently, long-range property values may increase.
Q. But if I give away the right to develop my property into small acre tracts, why won’t it reduce the value of my property for my children someday.?
A. Your heirs w ill benefit from giving aw-ay development rights now in several ways—
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