Raleigh North Carolina Working Forest Conservation Easement

State:
North Carolina
City:
Raleigh
Control #:
NC-EAS-3
Format:
Word; 
Rich Text
Instant download

Description

Easement to Conservation Trust for North Carolina to establish and maintain productive forestry resources
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FAQ

A conservation easement permanently limits how the land can be developed and subdivided in order to protect its conservation values. As the holder of the easement, The Land Trust's role is to ensure that the agreement is upheld forever.

FEDERAL TAX INCENTIVES Donors of qualified conservation easements can deduct up to 50% of the conservation easement value from adjusted gross income.

Conservation easements offer effective and flexible protection, and are one of the most frequently used tools for conserving private land. This voluntary legal agreement protects the land by permanently limiting some uses that would compromise the conservation values or the landowners' goals for the property.

The Internal Revenue Service allows a deduction if the easement is perpetual, is donated ?exclusively for conservation purposes? and meets certain criteria for those conservation purposes. The amount of the tax deduction is determined by the value of the conservation easement.

Benefits Of Conservation Easements Selling a conservation easement can be a good way to get some cash out of the property. Landowners who donate conservation easements may receive tax benefits. Conservation easements can reduce the property's overall value, making the land more affordable for future farmers.

A conservation easement is a voluntary agreement with a nonprofit land trust or government agency that allows a landowner to limit the type or amount of development on their property while retaining private ownership of the land.

A conservation easement is a voluntary legal agreement between a landowner and a land trust or government entity which contains permanent restrictions on the use or development of land in order to protect certain values of that particular property.

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Raleigh North Carolina Working Forest Conservation Easement