The Landowners Options

Landowners who wish to protect their land so that its special scenic, historic and natural features remain intact for future generations, can use various tools to restrict the type, amount and location of future development. These techniques are all private and voluntary, and they provide more permanent ways to protect land than is possible using governmental regulations such as zoning, critical environmental area designation, etc. A brief descriptions of each technique follows.

New NYS Conservation Easement

Landowners of conservation easements in New York State are eligible for the NEW NYS Conservation Easement Tax Credit
Tax Credit Information

Limited Time Opportunity

Qualified Individual Retirement Account (IRA) owners may now give up to $100,000 directly to charity—without first recognizing it as income and paying income tax on the transfer— but only in 2006-07.
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Conservation Easement

A conservation easement is a voluntary agreement between a landowner and a land conservation organization, such as the Dutchess Land Conservancy, that is permanently binding on the land, no matter who owns it. The landowner retains all rights to own, sell, and use the land according to the provisions of the easement. Many easements allow limited future development to occur. In order to ensure that the land retains its character, the number of residential units allowed is specified in the easements, and the areas that should be left undeveloped are shown on an accompanying map.

If the easement is restrictive enough so that the property is diminished in value, this reduction in value may qualify for treatment as a tax-deductible charitable contribution.

The Conservancy is responsible for monitoring to ensure compliance with the easement. If there is a violation, the Conservancy works with the landowner to remedy the violation, and can take legal action to correct the violation if necessary. In order to ensure that there will be the financial capability to enforce the easement, the Conservancy requests an endowment to be held in a restricted fund for monitoring and enforcement. For more information, refer to the section Questions and Answers on Conservation Easements.

Conservation Easement Escrow Agreement

Since a landowner's easement benefits his neighbors, it is advantageous for neighbors to execute easements jointly. A mechanism to coordinate this is the placement of signed conservation easements in escrow with the Conservancy or some other third party, to be recorded as a group when enough of them have been completed. This approach provides reassurance that landowners will not be alone in filing their easements, thus ensuring protection of the entire "neighborhood".

Deed Restrictions

These are restrictions placed in the title to land by owners of adjoining parcels or by an owner of a parcel that is subdivided into lots. Also known as "restrictive covenants running with the land," these restrictions can only be enforced by the adjoining owners or their successors. They can be dissolved by mutual agreement, and are not tax-deductible.

Deed restrictions are easier to remove in court than are conservation easements. A combination of deed restrictions and a conservation easement provides the strongest protection, because both the adjoining owners and the Conservancy have enforcement rights, and the easement enjoys a special legal status that makes it difficult to overturn in court.

Land Donations

An outright gift of land to the Dutchess Land Conservancy provides the greatest tax benefit. However, unless the land has unique resource values or is appropriate for a public recreational site, the Conservancy will place a conservation easement on it and resell it, using the funds to continue protecting the land.

Bargain Sale

This is a sale of land to the Conservancy at a price less than fair market value. The seller is entitled to an income tax deduction for the difference between the sale price and the fair market value as determined by a qualified appraiser. The Conservancy would normally resell the land subject to a conservation easement.

Conservation Land Planning

The Conservancy offers a consulting service to conservation-minded landowners who wish to balance limited future development of their land with the conservation of its natural, scenic, and agricultural resources. The Conservancy can help the owner select and implement appropriate conservation techniques and compatible development concepts. The Conservancy analyzes the property's resource values and real estate potential. Based upon this analysis, the owner can strike an acceptable balance between conservation and development.