CONSERVATION EASEMENT VALUATION IN COLORADO在科罗拉多州的保护地役权估价.ppt

Affidavit Affidavit Affidavit Affidavit Presented By: David E. Peterson, AFM, ARA CONSERVATION EASEMENT VALUATION IN COLORADO What Happened and What We’ve Learned From It Presented by: David E. Peterson, AFM, ARA Why Colorado? Strong Preservation Attitudes Voters have approved tax increases, primarily sales taxes, for outright purchases of land, and for the purchase of Conservation Easements on other lands. All counties along the State’s Front Range from the Wyoming line through Colorado Springs have sales tax funded Open Space purchase programs. Pitkin County (Aspen) and Routt County (Steamboat Springs) also have tax funded programs for purchase of land and Conservation Easements. Normal IRS Charitable Donations Transferable Tax Credits First legislation passed in 1999-2000. Most significant factor in this legislation is Transferability. Tax Credit is currently 50% of the value of the Conservation Easement up to $750,000 ($375,000). Amount of tax credit has grown from a maximum of $100,000 in 2000 to $375,000 today. Normal IRS Charitable Donations Transferable Tax Credits Tax Credit Broker system established (landowner receives about 82%). State has imposed a limit of $22,000,000 for 2011, 2012, and 2013 on a first come-first served basis. Previous 3 year’s credits allowed averaged about $50 million per year. Remainder of value beyond the Tax Credit can be used for normal charitable donation purposes. Great Outdoors Colorado GOCO receives one-half of State’s share of lottery funding to be used for parks, park improvements, and open space purchases, including help with funding to purchase Conservation Easements. Results of the Legislation Land Trusts that helped promote invalid easements are no longer in business. “Rogue” appraisers lost licenses, and were “fined.” Number of appraisers willing to do Conservation Easements reduced significantly. Results of the Legislation (cont.) Land Trust organizations must be certified by the State. Advent of “Phased” Easements