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 5 · column 4 of 7 · from the scan, no model involved
er could see a reduced property tax when a conservation easement is placed on their property because it is then no longer developable real estate. Government encourages this form of voluntary downzoning bv offering estate and income tax incentives, including in particular a federal income tax deduction and a marketable state income tax credit, through which landowners can receive cash benefits without having to actually sell off any land.
The federal tax deduction reduces the easement donor’s taxable adjusted gross income (AGI) by up to 50 percent per year over 16 years by the amount of the “easement value” (a property’s pre-easement value minus its post-easement value equals its easement value) until the amount of the easement value is used up. Taxpayers making 50
83.1%