Benefits to the Landowner
*What are the benefits to the landowner in donating a conservation easement? *
- Knowledge that your land will be protected: Because each conservation easement is written in accordance with the landowner’s wishes for future use of the land, the greatest reward for most landowners is the knowledge that their land’s special features will be protected – forever.
- Benefits for your community: Preserving undeveloped lands helps to retain the character of our communities. Agricultural and forest lands, natural areas, and scenic vistas are vital to the economic and environmental well being of rural areas. Permanently protected land aids communities in planning for future service needs. Conservation easements provide these public benefits at a fraction of the costs of outright purchasing of lands by a community. While zoning and public ownership can accomplish some land use goals, the gift of a conservation easement enables the private landowner to make a contribution to the community that will last forever.
- Taxes benefits: The donation of an easement to a tax-exempt nonprofit organization such as the Linn Conservancy is a charitable contribution. The difference in the fair market value of the property before and after the restrictions, determines the value of the gift. This charitable gift can be deducted from income for federal income tax purposes, as long as certain IRS conditions are met. Estate taxes and local property taxes might also be affected in your favor.
