A conservation easement is a contract between a landowner and a land trust to protect the natural, scenic, historic, or open-space features of a property. Landowners are compensated for this voluntary conservation practice through federal tax deductions and state Land Preservation Tax Credits. Atoka has a proven history of working with landowners throughout the state to complete conservation projects in a timely manner to ensure that our client’s financial and conservation goals are accomplished. The conservation easement process can seem overwhelming at first, but we are here to make sure all goes smoothly, having completed hundreds of these transactions over the years with our team of conservation professionals. Contact us to schedule a complimentary property visit to better understand the conservation easement process and financial benefits.
The Pursuit of a conservation easement can result in some significant upfront costs, costs that will ultimately be paid off after the sale of the Land Preservation Tax Credits.
Atoka offers a Funding Assistance option for qualifying landowners. Atoka will pay the upfront costs for retaining legal, appraisal, and other necessary services to begin working on the easement deed and other necessary documents. The landowner reimburses Atoka these fees once the tax credits have been monetized.
For more information about our funding Assistance program, please contact Atoka Conservation Exchange directly.
Virginia Land Preservation Tax Credits (“LPTCs”) are income tax credits that offset Virginia state income tax on a dollar for dollar basis.
LPTCs are issued by the Virginia Department of Taxation as a financial incentive to reward private landowners for donation conservation easements that limit future land use rights (such as a development) in order to preserve natural resources for the perpetual benefit of all Virginias.