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years.
Often, large farmers cannot take the benefits of a conservation easement because they have loans secured by their land’s full value. In 2002, Virginia allowed donors to sell any tax credits they cannot use. Other taxpayers can buy the credits and apply them to their own taxes.
Large property owners who could not benefit before, because they were not paying a lot of taxes anyway i.e. farmers- can get cash in their pocket for donating a conservation easement.
Since then, the number of acres going into easement has been increasing.
According to statistics provided by the Virginia Outdoor Foundation, as of May 2005, nearly 300,000 acres in the State of Virginia are in easement. Out of that number, Rappahannock County ranks third in the state with over 20,000 acres in scenic easement.
Coming in at number one is Fauquier County with over 55,000 acres followed by Albemarle County with over 40,000.
Bill Kossler can be.reached at bkossler@timespapers.com
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