Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does protecting land with a Conservation Easement do to property taxes?

0
10 Posted

What does protecting land with a Conservation Easement do to property taxes?

0
10

The property’s current assessment for tax purposes determines if tax benefits may be realized by protecting it with a Conservation Easement. If the assessment reflects the property’s development potential and those rights have been permanently relinquished, the landowner has standing to make a case to the local assessor for a reduction in property assessment. If that is granted, a property tax reduction will occur.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123