Conservation Easements Performance Audit 2006

Cover Conservation Easements Performance Audit 2006
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It was not clear in either case that a private land owner had sold the property to a government agency, or if the agency had acquired the land from some other source. Regardless, this review showed there is minimal evidence of easements resulting in governmental ownership of land. There is certainly no evidence that transfers to governmental entities could have a significant effect on local property tax collections.
Changes in Value for Easement Parcels We also reviewed changes in market values
... for easement properties by comparing a sale event for a parcel prior to easement creation and any subsequent sale that may have occurred. We identified sales data for 1 2 different easement properties using this method. This limited sample does not provide a statistical basis for any judgment regarding effects on value, but it does indicate easements should not be presumed to have a negative impact on market value. For the 1 2 properties we identified, 10 saw an increase in market value after the easement was created.

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