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impact on future land values.
He said there was value in the development right we had extinguished; the development right that comes with an appropriately-sized parcel of land generally includes the right to build a primary residence, a secondary residence, a swimming pool, a tennis court, one or more outbuildings, and room for several horses. He estimated the value of a development right on North Poes Road to exceed $200,000.
This qualifies us for Virginia land conservation tax credits of more than $100,000'. We can sell these credits to Virginia taxpayers who can use them (Barb and I can’t use them; we are retired and at least close to “land poor.”) . The credits must be sold carefully, over time, with an eye on the Alternative Minimum Tax. Early in the
96.7%