Protecting Land to Improve Communities
(1) Property Tax Reduction: Restricting development rights through an easement can lower the market value and associated property tax. Donating land can eliminate property taxes.
(2) Federal and State Income Tax Deduction: Donating land or a conservation easement may constitute a charitable gift for a public purpose. The appraised value of the land or easement may be deducted from income for the purpose of calculating Federal and State income taxes.
(3) Estate Tax Reduction: Donating land or an easement may also reduce estate taxes.
By donating land or a conservation easement on a property, private landowners may be eligible for tax benefits. NeighborSpace does not guaranty that the benefits will apply to a given transaction and recommends consulting a professional to discuss the tax and other consequences. Click here for a Fact Sheet on the Tax Benefits of Donating Land (Coming Soon)
Benefit Types
Tax Benefits
