I am seriously considering donating my 3 acres of woods and meadow to a conservation easement. Basically, I agree not to develop the land in perpetuity, and they give me some tax relief. It also provides a rationalization for never mowing my lawn ( – turns out most of the wildflowers on my property are medicinal herbs…). The website makes it sound like a fabulous idea, since I never plan to develop the land but the area around me may develop, and this would protect me from rising taxes, would lower my property values for real estate taxation purposes, and would count as a donation on my income tax.
Has anyone ever done this? What’s the down side? Do you recommend it? Of course I will have to consult my lawyer before I do it, but some personal accounts and opinions would be helpful.