You may want your land to remain forever free from any future development. Or, you may want to plan for limited uses that preserve the special character of your land.
Either way, you have the right to determine today what happens to your land in the future. It is a great power, and a choice you can make to permanently protect your land from unwanted future development, or, plan for uses that preserve the special character of your family’s land.
Land protection options to legally preserve your land are made available by Cardinal. These include the Conservation Easement and fee simple land preservation, which can bring important tax benefits, such as an income tax deduction and reduced property and estate taxes, and other tax incentives. If you decide to take action now, you can rest assured that your desires to preserve your land are legally established.
What is a Conservation Easement? A Conservation Easement (CE) provides a time-honored and legal way for families to preserve their lands. It assures landowners that their wishes for preservation of their property will be honored forever.
For Landowners interested in preserving their land with a conservation easement, the application window opens in October and closes January 15. Link to information about the Clean Ohio Fund and the Local Agricultural Easement Purchase Programs, below. Please get in touch with us if you are interested in applying for funding to purchase a conservation easement on your land, or if you would like more information email@example.com (513) 752-2828
FEE SIMPLE CONSERVATION
What is Fee Simple conservation? Landowners may also choose to donate their land to Cardinal Land Conservancy for conservation purposes. This option may be preferable to a conservation easement if there are sensitive natural resources on the land, if the landowner would like their land to be maintained as a preserve, or as part of estate planning. In Fee Simple Conservation, landowners do not maintain ownership, although some terms may be tailored to the needs of the donors and their families. In this scenario, landowners donate their land to Cardinal Land Conservancy, who will maintain it as a preserve, or transfer ownership to a suitable party.
BENEFITS OF LAND CONSERVATION
Income Tax Incentives for Land Conservation
For landowners, donating a conservation easement is a way to protect places they love. It’s also a major financial decision. When landowners donate a conservation easement, they give up part of the value of their property — often their family’s biggest asset. Tax incentives offset some of that loss in property value, making conservation a viable option for more landowners. Click to read Land Trust Alliance article about Income tax Incentives.
If you wish to learn more about how you can preserve your land, you can reach us at (513) 752-2828, or by emailing firstname.lastname@example.org