In a Land Conservation Easement, the property owner gives up development rights but retains ownership and financial responsibility for a property. Under strict IRS guidelines, the property owner may qualify for a federal income tax deduction for a donation of a conservation easement. Local property taxes are still due, but application may be made to the Town for a reduced assessment pursuant to NH RSA 79-B Conservation Restriction and the property may qualify for a current use
assessment under NH RSA 79-A. The easement holder accepts responsibility for monitoring compliance with the conditions of the easement.
Considering a land conservation easement for your property?
Maintain ownership of your land while helping the Lake Wentworth Watershed Association to preserve open space, protect natural habitat of wildlife & plants, protect water quality within the watershed, preserve natural areas for passive outdoor recreation and scenic enjoyment by the general public.