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Tom Kelsey Lowres

Tom Kelsey Lowres

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Published by Jaime Gonzalez

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Published by: Jaime Gonzalez on Nov 29, 2011
Copyright:Attribution Non-commercial

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08/19/2013

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11/29/11 1
Landowner Considerations RegardingConservation Easements
Thomas R. Kelsey713-968-2217713-622-6158 (fax)Tkelsey@blmlaw.net
Copyright © 2011 Thomas R. Kelsey All Rights Reserved
 
11/29/11 2
What is a conservation easement?
 
 An agreement between alandowner and a landtrust
 
Permanently restricts thetype of development
 
Created by Section170(h) of IRC andChapter 183 TexasNatural Resources Code
 
11/29/11 3
How does it work?
 
1,000 acre hill country ranch valued at $3,500/acre -$3,500,000
 
 “before” and “after” value
 
When subdivision potential eliminated value is $1,750/acre – $1,750,000
 
Charitable deduction -- $1,750,000
 
No restrictions against agricultural or recreational uses
 
Reserved building sites maintain flexibility
 
No public access
 
State and Federal government have no regulatoryinvolvement

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