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The fundraising campaign for the 12.45 acre Travis Country remnant Live Oak Savanna has been renewed. The remnant, located in the center of…Read more of this >>
Bermuda grass (Cynodon dactylon) is an African grass introduced to the Americas through the bedding on the slave ships of pre-Civil War times.
Landowners who donate conservation easements are interested in preserving special features of their property, such as wildlife, undeveloped land, natural scenery, or historic or cultural significance. Easement donors may also be concerned about maintaining the economic viability of their land in the face of increasing tax burdens. Many donors wish to prevent the property from being developed or subdivided in the future.
Donating a conservation easement may result in tax benefits for the landowner. Because easements usually involve giving up rights to conduct certain activities, such as development, on a property, they usually result in some reduction in appraised value of the property.
The value of a conservation easement, which is the amount the property value is reduced by the easement, may count as a charitable donation and may be deducted from federal income taxes. In some cases, this can be a significant incentive for land preservation.
In addition, donating a conservation easement may exempt a landowner’s heirs from or reduce estate taxes, which often force heirs to sell all or part of a family property. Conservation easements may also lower property taxes. To be eligible for these tax benefits, the value of the conservation easement must be determined by a qualified real estate appraiser.
For more information, download the complete guide, “Conservation Easements: A Guide For Texas Landowners,” in Adobe PDF format (Adobe Acrobat required), from Texas Parks and Wildlife at http://www.tpwd.state.tx.us/landwater/land/private/conservation_easements/ .