Who calculates how much a conservation easement is worth?
For tax deductions on conservation easements worth more than $5,000, landowners must obtain a “qualified appraisal” by a “qualified appraiser.” (These terms are defined by the tax code: landowners should check with their attorney or accountant for details.) Landowners should consult a professional appraiser with direct experience with charitable gifts or easements. The Teton Regional Land Trust can refer landowners to appraisers with experience in this field, but cannot provide the appraisal or recommend an appraiser.
The Teton Regional Land Trust strongly encourages landowners to have their legal advisors review conservation easement appraisals to ensure compliance with federal law.