How much does it cost to create an easement?
You must pay an appraiser to establish the tax value of your gift, and the cost for this service will be an average of $4,000-6,000. You may need an engineer, surveyor and/or soil scientist to determine the development potential of the property being given up, the average cost of which is $3,000-$10,000. Westchester Land Trust also requests a stewardship gift to ensure that the easement will be monitored in perpetuity. In addition, Westchester Land Trust strongly encourages you to have your attorney review the easement and to discuss the tax benefits of the conservation easement with your tax adviser. Any charges for these services are an additional cost you should anticipate.
