Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 4 · column 4 of 7 · from the scan, no model involved
before you donate your easement.(The example is hypothetical; an actual appraisal could be higher or lower!)
Because you have surrendered your development rights by granting the easement, the appraiser now values your land at $640,000 after you donate the easement. The value of the easement is $160,000; half of $160,000 is $80,000. You now have $80,000 in Virginia tax credits. What are you going to do with them?
Your own taxes average around $5,000 per year. Virginia tax law allows you to spread your credits over six years, but that still leaves $50,000 in tax credits you can’t use. Not to worry. The Commonwealth lets you sell them or give them away to other Virginia tax payers such as your children and your Rappahannock neighbors. Most prefer to sell their tax credits, but now they have a new problem. They can’t find buyers. True. Hundreds
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