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  • TRLT - Appraisals
    Lands to Date Summary Map of Easements Home Land Appraisals Appraisals Who calculates how much a conservation easement is worth F or tax deductions on conservation easements worth more than 5 000 landowners must obtain a qualified appraisal by a qualified appraiser These terms are defined by the tax code landowners should check with their attorney or accountant for details Landowners should consult a professional appraiser with direct experience with

    Original URL path: http://www.tetonlandtrust.org/land-protection/appraisals (2016-02-14)
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  • Tax Example
    2009 may be eligible to deduct up to 50 of their adjusted gross income each year for the year of the easement donation and the following fifteen years or until the value of the easement gift is used up whichever occurs first Depending on the landowner s residence state income tax deductions may also be available Landowners considering the gift of a conservation easement should consult with their legal or tax advisors to learn how the gift may benefit them financially Example We provide an example of a calculation of easement value for illustration only The property described is a model not an actual property TRLT does not appraise property values and recommends that landowners seek the advice of their personal legal and financial advisors John and Emma Smith own 250 acres of land along the South Fork Snake River in Madison County and wish to retain the right to build one house with a small guesthouse The Smiths will retain use of their property for recreation and ranching The Smiths hired an appraiser with extensive conservation easement appraisal experience After researching the sales of comparable properties already under conservation easement the sales of developed and undeveloped properties and the terms of the conservation easement the appraiser calculated the value of the conservation easement on this 250 acre property to be 900 000 The Smiths make 140 000 a year giving them a tax deduction of 70 000 a year for twelve years with the remainder of the deduction left to be taken in year 13 100 Deductibility for Qualified Farmers and Ranchers Landowners who meet the IRS definition of qualified farmers and ranchers may be allowed to take the deduction up to 100 of their adjusted gross income with a 15 year carry forward A qualified farmer or rancher

    Original URL path: http://www.tetonlandtrust.org/land-protection/tax-example (2016-02-14)
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  • TRLT - Cost
    donate a conservation easement Landowners pay for the appraisal the time and expertise of their attorneys and accountants and a title report The Teton Regional Land Trust incurs significant costs in accepting conservation easements and asks easement donors to help defray those costs collectively called the Stewardship Donation Those costs cover The preparation of the Baseline Report Teton Regional Land Trust staff compile wildlife and vegetation inventories and prepare topographic and aerial maps and photographs of the property Land Trust staff also makes recommendations for property resource enhancements such as improvements to fish and wildlife habitats and grazing management This report is critical for documenting the condition of the property at the time of the easement donation and may be essential should the easement ever be violated The landowner and Land Trust both of who keep copies sign the report The Internal Revenue Service requires that baseline reports be prepared for donated conservation easements Monitoring the conservation easement TRLT visits properties under conservation easement at least annually to ensure that the terms of the easement are being met and to document the condition of the property Legal defense Part of the endowment will build TRLT s legal defense capabilities Over

    Original URL path: http://www.tetonlandtrust.org/land-protection/stewardship-contribution (2016-02-14)
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  • TRLT - Easement Resources
    a compressed zip file Websites Land Trust Alliance Books Tim Lindstrom s book Click here to buy A Tax Guide to Conservation Easements Voluntary land conservation resulting from increasingly alluring tax benefits has significantly changed the face of land use in the United States and promises to have an even more significant influence in the future There are more than 1 500 land trusts in the U S today involving millions of acres of land that have been permanently protected by conservation easements Most of these land trusts depend heavily upon the significant income or estate tax benefits offered by the federal tax code as an incentive for voluntary land conservation However only a very small percentage of land trust personnel landowners or their advisors or even government officials fully understand the complexity of the requirements for these tax benefits This is a comprehensive book on the tax benefits of the charitable contribution or bargain sale of a conservation easement It provides a detailed explanation of the complex and extensive requirements of the federal tax code and related concepts including the rules governing the operation of tax exempt organizations such as land trusts Clearly written systematic in its coverage it is intended to be of value for anyone who deals with land trust issues including land trust staff and trustees landowners lawyers accountants government officials and interested lay people Structured for easy reference A Tax Guide to Conservation Easements is designed to be used as a resource tool Related topics are cross referenced throughout All principles in the book are illustrated with one or more useful examples The tax benefits of contributing a conservation easement are unquestionably the heart of voluntary land conservation today Knowledge of the tax law relating to land trusts and conservation easements is vital to properly

    Original URL path: http://www.tetonlandtrust.org/land-protection/resources-for-landowners (2016-02-14)
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  • TRLT - Recent Projects
    P roperty along the South Fork of the Snake River owned by Jack E Koon and Jack Lee Koon will be permanently protected after transfer of a conservation easement to the Bureau of Land Management The Teton Regional Land Trust TRLT purchased the easement from the Koons The land itself remains in the ownership of the Koon family Dad could have sold this property for a lot of money Jack Lee said but it was more important to him that the lands stay in the family Selling the conservation easement rewarded him for the way he s taken care of it helps with his retirement and we keep the land BLM Idaho Falls District Manager Joe Kraayenbrink thanked the Koon family for their decision to conserve their land Everybody benefits he said including future generations of Idahoans who enjoy spending time on the South Fork Thanks to the Koon family the views from the river will be as scenic in 50 years as they are now Read more 900 Acres Protected on the Pine Creek Bench T he Pine Creek Bench in Swan Valley sits just above the South Fork of the Snake River Because of its impressive wildlife values and scenic vistas the Pine Creek Bench has been a conservation focus for several federal state and non profit organizations In late December two properties totaling just over 900 acres were conserved With help from the Teton Regional Land Trust and The Conservation Fund the Idaho Falls District of the Bureau of Land Management BLM purchased two properties along the South Fork of the Snake River in Bonneville County Idaho using federal Land and Water Conservation Funds LWCF Support from the Idaho congressional delegation helped to secure the federal LWCF funding to acquire the properties The Teton Regional Land Trust worked closely with both landowners to find permanent conservation options for the properties Ultimately The Conservation Fund purchased an 862 acre Pine Creek Bench property and on December 22nd transferred 304 acres of the lands to the BLM for long term protection and management The Conservation Fund intends to convey the 558 acre balance of the property to BLM in the future as federal funding becomes available The property is located between the Pine Creek Canyon and the South Fork Snake River s Conant Valley Read more Harris Family Protects 275 Acres for Future Generations A 275 acre working ranch along the banks of the North Fork of the Teton River has been permanently protected with a conservation easement The Harris Family second and third generation ranchers worked with the Teton Regional Land Trust and the Bureau of Land Management BLM to conserve their land and its associated wildlife habitat for future generations The purchase of the conservation easement was funded through the Land and Water Conservation Fund LWCF The land itself remains in the ownership of the Harris family We wanted to keep our land in one big piece and to keep it just the way it is but

    Original URL path: http://www.tetonlandtrust.org/land-protection/recent-projects (2016-02-14)
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  • TRLT - Conservation Buyer Program
    How it works O ur Conservation Buyer Program introduces key properties to buyers who wish to enjoy a spectacular property while protecting its important natural resources The Teton Regional Land Trust staff works with landowners and realtors to highlight these key properties and to find conservation minded buyers who will help preserve the property s natural resources through a donation of a conservation easement We also work with landowners who are interested in selling their property to a buyer who will permanently protect the property from further development The Teton Regional Land Trust works with the real estate community on these projects but does not accept real estate commissions Conservation buyers typically donate a conservation easement on the property within a year of their purchase The donation of a conservation easement may provide significant income and estate tax benefits to the buyer By permanently reducing the potential for residential development on a property buyers who donate conservation easements may reduce their acquisition costs by up to 20 Click here for more detailed tax information Listed Conservation Buyer properties include lands that contain wetlands agricultural land wildlife habitat land adjacent to other protected properties and or land of sufficient size that

    Original URL path: http://www.tetonlandtrust.org/land-protection/conservation-buyer-programs (2016-02-14)
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  • TRLT - Conservation Buyer Program
    How it works O ur Conservation Buyer Program introduces key properties to buyers who wish to enjoy a spectacular property while protecting its important natural resources The Teton Regional Land Trust staff works with landowners and realtors to highlight these key properties and to find conservation minded buyers who will help preserve the property s natural resources through a donation of a conservation easement We also work with landowners who are interested in selling their property to a buyer who will permanently protect the property from further development The Teton Regional Land Trust works with the real estate community on these projects but does not accept real estate commissions Conservation buyers typically donate a conservation easement on the property within a year of their purchase The donation of a conservation easement may provide significant income and estate tax benefits to the buyer By permanently reducing the potential for residential development on a property buyers who donate conservation easements may reduce their acquisition costs by up to 20 Click here for more detailed tax information Listed Conservation Buyer properties include lands that contain wetlands agricultural land wildlife habitat land adjacent to other protected properties and or land of sufficient size that

    Original URL path: http://www.tetonlandtrust.org/land-protection/conservation-buyer-programs/how-it-works (2016-02-14)
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  • TRLT - Stewardship Program
    Easements Home Stewardship Stewardship Defined T he Land Protection and Stewardship programs provide the foundation to advance Teton Regional Land Trust s conservation mission Working with willing landowners to acquire a conservation easement on private land is the first step to lasting protection and building partnerships Once the conservation easement is in place Teton Regional Land Trust ensures the integrity of each easement through the ongoing commitment of our Stewardship Program The Stewardship Program is governed by Board adopted policies and procedures that integrate Land Trust Alliance Standards and Practices to form the ethical and technical guiding principles of operation and our commitment to upholding the public trust Teton Regional Land Trust pursues a system of Comprehensive Stewardship that incorporates two primary elements Core Stewardship and Strategic Stewardship Core Stewardship responsibilities are those that directly support Land Protection activities and conservation easement administration Important elements of the Land Trust s Core Stewardship program include Coordination with Land Protection staff to identify a property s conservation values to inform easement terms Baseline Documentation Reports Comprehensive property descriptions that document conservation values protected by the easement and the relevant conditions of the property as necessary to monitor and enforce the easement Easement Monitoring Annual visit and assessment of each conservation easement for changes in conditions Easement Enforcement and Defense If needed to maintain the purposes of the easement Record Keeping File maintenance updates and reporting Landowner Relationships Partnerships with landowners to provide relevant information and services that advance stewardship of the conservation easement property Also includes processing requests to exercise reserved rights Strategic Stewardship includes community outreach and activities that enhance or restore conservation values of easement properties increase the stewardship staff s value to landowner and agency partners strengthen the Land Trust s landowner relationships and increase our credibility as a

    Original URL path: http://www.tetonlandtrust.org/stewardship (2016-02-14)
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