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Land conservation options may also offer you potentially significant tax benefits.
The ownership of your land carries with it different rights, including the right to build, subdivide, farm, hunt, cut trees, and the like. A conservation restriction (CR) (called a conservation easement in states other than Massachusetts) is a voluntary legal agreement that extinguishes some or all of the development rights in your land forever, but retains other rights of your choosing, such as farming, forestry and recreation – all while you maintain ownership of your land.
CRs are flexible tools that can be placed on all or only designated parts of your land. For example, a CR can exclude house lots to provide future financial value or housing options for your family.
Donating to Greenbelt is a straightforward way to conserve your land.
Many landowners can’t afford to donate their land or a conservation restriction. You can sell your land or a conservation restriction at a price below its market value, which is called a charitable sale. The difference between the appraised market value and the sale price is considered a tax-deductible charitable contribution.
Donating your land or a conservation restriction through your will is another way to ensure your land's permanent protection & reduce estate taxes.
Transferring your land to Greenbelt while you retain the exclusive lifetime use & occupancy of your property is called a Reserved Life Estate (RLE).
Greenbelt gratefully accepts gifts of any "non-conservation" real estate asset either during your lifetime or in your will for the explicit purpose of allowing Greenbelt to sell the property to support our land conservation programs.
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Greenbelt thanks the photographers whose work is featured prominently on our website: Jerry Monkman, Dorothy Monnelly, Adrian Scholes, David Alden St. Pierre & Neil Ungerleider