What is the financial value of the easement and how is it determined?
The value of the easement is determined by a qualified, independent appraiser and is generally based on the difference between the value of the property without the easement and the value of the property after the easement is recorded. United States Tax Court cases have generally stated that the easement value must be based on the facts of a particular appraisal situation, and not on a predetermined formula. It is important for property owners to review this information with their own legal and/or tax advisors prior to making an easement donation. In recent years, easement valuation has come under increased scrutiny by the IRS. Notices and other communications pertaining to easement valuation are available at the IRS website.

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1. What is a preservation easement?
2. Who is required to grant an easement to the M-NCPPC?
3. What are M-NCPPC’s responsibilities?
4. How long does an easement last?
5. Why grant a preservation easement ?
6. What are the benefits to the general public in the award of historic property grants to individual owners?
7. How does an easement work?
8. What changes are allowed to my historic property?
9. Does the preservation easement take precedence over the county preservation ordinance?
10. Are we talking about the entire house and property?
11. Will the easement cover interior features as well as the exterior of the property?
12. How is the easement applicable if I use the grant award to purchase a historic property?
13. What is the financial value of the easement and how is it determined?
14. What document does a pro perty owner file to obtain the federal tax benefit?
15. What are my out-of-pocket costs in donating an easement?
16. What are the legal and real estate implications?
17. Are easements a well-proven idea?
18. What are the benefits of granting an easement?
19. Do typical non-cash charitable contributions rules apply to the donation of a preservation easement?
20. Must an easement require some type of public access?
21. What are the basic tax code requirements for an easement?