Two Methods for Protecting Your Land
A Conservation Agreement allows a landowner to agree (and compel future landowners to agree) to restrict development like severances, additional houses, gravel extraction, excessive tree cutting and even the use of yard lights which obliterate the stars. Every landowner creates a personalized list of restrictions and receives an income tax receipt for about half the value of the land (not the buildings). It will then be EBC’s responsibility to ensure future owners follow your rules.
Severances and Donated Land
Landowners can place their land into a nature reserve by donating or selling the property at a reduced rate. EBC is able to sever off the wetland or forest while leaving the house and other lands with the owner. Any land donated receives a tax receipt, while the owner saves capital gain taxes and real estate fees. The benefit usually ranges from 60% to 97% of the value of a sale.
EBC will bear the costs of administering your donation.