To preserve the agricultural and open space values of the land.
Conservation Easement Land In Trust
State:
California
Control #:
CA-EAS-5
Format:
Word;
Rich Text
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FAQ
Conservation easements are legal tools to help you protect the habitat on your land. While maintaining ownership, you make a commitment to conserve the natural integrity of the habitats agreed upon by you and DUC, by limiting the amount and type of development that can occur.
A land trust is a legal entity that takes ownership of, or authority over, a piece of property at the behest of the property owner. Land trusts are living trusts that allow for the management of property while alive.
A conservation easement is a voluntary legal agreement to preserve land in perpetuity (legal term meaning forever). A conservation easement is a deed but it does not transfer land ownership. Instead the deed spells out a landowner's commitments to protect the existing character of his property.
Cons:A conservation easement is typically perpetual.A future owner or your heirs may not have the same affinity for conservation as you do.The future value of the property will likely be diminished as a result of the restrictions of the easement.Not all land will qualify for a conservation easement.More items...?
A conservation easement that removes your land's development potential typically lowers its market valueand that means lower taxes for the landowner. That can significantly reduce estate taxes when you pass on your property to the next generation, making it easier to keep the land in the family and intact.
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Usually conservation easements are donated but at times land trusts may have grants to purchase a conservation easement. The amount of the benefit (tax deduction) generally will be the full, appraised value of the conservation easement, less the amount paid to the landowner.Some of the main tools used to achieve these goals include land trusts, conservation easements, private reserves and incentives.