Conservation easements….What are they?

In an effort to understand what impacts our real estate taxes, we inquired about conservation easements.

“A conservation easement is a voluntary legal agreement between a landowner and a land trust or government agency that permanently limits uses of the land in order to protect its conservation values.”

We spoke to Dan Donaldson, Lake County Soil and Water Conservation District Director, and asked some questions about this subject.

If an owner of a parcel of land gives up their development rights on their property, they are given a reduction in their property taxes.  The taxes are not eliminated, but they can be greatly reduced.  There are approximately 600 acres in the Lake County Soil and Water Conservation District with a conservation easement.

Mr. Donaldson did say much of the land with conservation easement are not necessarily prime building locations, such as wetland, ravines, etc.  The conservation easements can be issued by the Federal, State and local governments.

Other governmental bodies may also have issued conservation easements, and it is estimated that ~5,000 acres in Lake County are involved.   If we add the 9,100 acres in the Metro Parks system, that means 14,100 acres are taken off the tax duplicate.  Lake County is comprised of 145,280 acres of land and 481,280 acres of water.  If the 14,100 acres is all land, then 9.7% (14,100 / 145,280) of the land available is not providing any real estate taxes.

We will continue to explore other issues, such as “non-profits” that do not pay their fair share of real estate taxes.

 



Categories: Lake, Real Estate Taxes

Tags:

17 replies

  1. I like this site very much, Its a real nice berth to read and incur info .

  2. Outstanding post however , I was wanting to know if you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Kudos!

  3. I simply couldn’t leave your site before suggesting that I extremely loved the standard information a person supply for your guests? Is going to be back continuously to check out new posts.

  4. I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to find out where u got this from. thanks

  5. Thanks for the article, can I set it up so I receive an email whenever you publish a fresh post?

  6. I went over this site and I conceive you have a lot of great info, bookmarked (:.

  7. Thank you, I’ve recently been looking for information about this subject for ages and yours is the best I have discovered till now. But, what about the bottom line? Are you sure about the source?

  8. 210653 120195I enjoy seeking via and I conceive this site got some truly helpful stuff on it! . 666997

  9. 682608 645976I dugg some of you post as I thought they were handy quite valuable 584176

  10. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  11. 949102 519286I just couldnt depart your website prior to suggesting that I very enjoyed the standard details an individual provide for your visitors? Is gonna be back regularly in order to inspect new posts 518960

  12. 953441 957733Man you legend. return see my site, you need to get pleasure from it. 803527

  13. 233203 894702youre in point of fact a very good webmaster. The site loading velocity is wonderful. It seems that youre performing any distinctive trick. In addition, The contents are masterpiece. youve done a fantastic activity on this subject! 175960

  14. 741636 939761Id must speak to you here. Which is not some thing Which i do! I like reading an article that can make individuals believe. Also, thank you for permitting me to comment! 534720

  15. 937773 161250An interesting discussion is worth comment. I feel which you want to write a lot more on this matter, it might not be a taboo subject but generally individuals are not enough to speak on such topics. Towards the next. Cheers 538539

  16. 920590 631703Hi! Someone in my Facebook group shared this web site with us so I came to check it out. Im undoubtedly loving the information. Im book-marking and will probably be tweeting this to my followers! Outstanding blog and fantastic style and style. 152032

Leave a Reply

Your email address will not be published.

%d bloggers like this: