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Is it possible to actually create economic value with a Conservation Easement?
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Is it possible or likely that the "diminished value" could actually be more than someone pays for the land itself.
It is possible to use a conservation easement to separate the development rights and then sell the development rights. If you include a lower tax rate, it may be possible that you will have a total economic gain by adding an conservation easement.
It is possible to use a conservation easement to separate the development rights and then sell the development rights. If you include a lower tax rate, it may be possible that you will have a total economic gain by adding an conservation easement.
References :
thesis supporting the idea that there can be an economic benifit for conservation easement
http://scholar.lib.vt.edu/theses/available/etd-01152000-14030016/unrestricted/f-Model.PDF
mostly tax benfits of easement
http://forestry.msu.edu/extension/ExtDocs/easemnt.htm#Why%20Are%20They%20Used?
info on conservation easement
http://www.dof.virginia.gov/mgt/cons-ease-index.shtml
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