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A conservation easement
is a perpetual legal agreement between a landowner
and a land trust, which restricts the harmful
use and development of land. Easements
are tailored to the landowner's needs and they
can offer an initial tax deduction for the value
of the easement and can also lower property
taxes. Conservation easements are valid
even if the property changes ownership.
Agricultural easements
are a variation of the conservation easements
which specifically targets the agricultural
use of the property. An agricultural easement
is a tax mechanism to keep the land in agricultural
production.
Easement
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