The extraordinary growth in the creation of easements raises a number of important policy issues, including the fiscal consequences of charitable donation deductions and changed property valuations, the methods appropriate for recording easements, and overpayment for the benefits actually received. There is also a debate about possible mechanisms that could be used to modify or even terminate easements because of changed future circumstances. This paper provides a basic background in the law, tax consequences, and public policy issues regarding conservation easements.
This paper was first presented at the International Assosication of Assessing Offivers 33rd Annual Legal Seminar held December 13-14, 2012, in Chicago.
Sundberg, J. O. (2013). Using conservation easements to protect open space : public policy, tax effects, and challenges. Journal of Property Tax Assessment & Administration, 10(1), 5-20. Retrieved from https://researchexchange.iaao.org/jptaa/vol10/iss1/1