2012 Conservation Easements Protected...

2012 Conservation Easements Protected 1,500 Acres in Albemarle

There are 4 comments on the NBC29 Charlottesville story from Jan 14, 2013, titled 2012 Conservation Easements Protected 1,500 Acres in Albemarle. In it, NBC29 Charlottesville reports that:

Numbers have just been released showing the 2012 conservation easements. In Albemarle County alone, 1,500 acres were added to the protected land list.

Join the discussion below, or Read more at NBC29 Charlottesville.

democracy

Chase City, VA

#1 Jan 17, 2013
It would have been nice if the reporter had actually done her homework on this story, Or if any of those interviewed gave an honest assessment of conservation easements.

As reported in The Hook, many if not most of these easements are used by those with money and estates. People like "Dave Matthews, John Grisham, and Coran Capshaw" and "business titans Hunter Craig, Wick McNeely, and Jim Murray."

As The Hook notes:

" a review of 10 years of records from the state tax department, Virginia has issued over $1.13 billion in conservation credits. And the giving doesn't stop there."

"Virginia also offers easement donors a state income tax deduction– 5.75 percent for top earners– for their "charitable donation." There is also a federal income tax deduction: for 2011, 50 percent of one's adjusted gross income for 15 years, and for farmers, 100 percent."

"And the cascade of benefits still isn't over. On the local level, most acreage under easement gets taxed at Use Value Taxation, a.k.a.'land use'– the super-low property tax rate which can lower land taxes by over 99 percent– that Albemarle offers owners who keep their large tracts from sprouting additional houses."

Tax breaks (mostly) for the landed wealthy. And everybody else gets to pay for it.
Native

Charlottesville, VA

#2 Jan 17, 2013
democracy wrote:
It would have been nice if the reporter had actually done her homework on this story, Or if any of those interviewed gave an honest assessment of conservation easements.
As reported in The Hook, many if not most of these easements are used by those with money and estates. People like "Dave Matthews, John Grisham, and Coran Capshaw" and "business titans Hunter Craig, Wick McNeely, and Jim Murray."
As The Hook notes:
" a review of 10 years of records from the state tax department, Virginia has issued over $1.13 billion in conservation credits. And the giving doesn't stop there."
"Virginia also offers easement donors a state income tax deduction– 5.75 percent for top earners– for their "charitable donation." There is also a federal income tax deduction: for 2011, 50 percent of one's adjusted gross income for 15 years, and for farmers, 100 percent."
"And the cascade of benefits still isn't over. On the local level, most acreage under easement gets taxed at Use Value Taxation, a.k.a.'land use'– the super-low property tax rate which can lower land taxes by over 99 percent– that Albemarle offers owners who keep their large tracts from sprouting additional houses."
Tax breaks (mostly) for the landed wealthy. And everybody else gets to pay for it.
This is America....catch that dream and accumulate your own empire and stop whinning about those who have!
huck

Charlottesville, VA

#3 Jan 17, 2013
Native wrote:
<quoted text>
This is America....catch that dream and accumulate your own empire and stop whinning about those who have!
...at the expense of those who don't because everyone else pays for their tax deduction

that said, this is one of most palatable tax welfare for the rich schemes because it does set aside land from development
it's whining
Sure

Charlottesville, VA

#4 Jan 17, 2013
huck wrote:
<quoted text>
...at the expense of those who don't because everyone else pays for their tax deduction
that said, this is one of most palatable tax welfare for the rich schemes because it does set aside land from development
it's whining
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