There are a number of ways that Falmouth landowners can work with us to preserve land, and in return landowners will gain tax advantages that can help reduce your taxes and taxes on your estate.
The three most common conservation methods ensure the permanent protection of the special features of your property:
Conservation Easements. A conservation easement limits the type and scope of development allowed on your property in perpetuity. A conservation easement allows you to keep ownership of the land for personal use, and the restrictions convey with the property when it is sold.
Donations. You can donate land outright to the Falmouth Land Trust, or you may donate a conservation easement. In exchange for protecting a special piece of land, you will receive estate and income tax benefits.
Selling Your Land. You may sell your land or the development rights to Falmouth Land Trust through bargain sales, installment sales, right of first refusals, etc. These agreements offer varying levels of land protection and tax relief.
Other conservation methods such as leases, deed restrictions, mutual covenants and management agreements are possible, but do not necessarily ensure permanent conservation of your land or provide substantial tax benefits.
If you would like to talk with the Falmouth Land Trust about options for donating your land to the trust, contact FLT at email@example.com.