Local property taxes and open-space easements

Local property taxes may be reduced with respect to land (but not dwellings, farm buildings, or other improvements on the land).  However, if land is already assessed at “use value”, for example, enrolled in a locality’s land-use assessment taxation program, an additional reduction in taxes is unlikely.

VOF provides this information about tax benefits to assist landowners, but not as tax advice. Please check with your tax advisor or attorney about qualifying for any tax benefits associated with conservation easements.