Conserving your land is one of the finest legacies you can leave for future generations. Whether it is forestland along our waterways or healthy meadows providing wildlife habitat, your decision ensures the scenic landscapes of Maine remain for the “Maine we know and love.”
Three Paths to Protection
Conservation Easements
- Definition: A voluntary, legal agreement that permanently protects land and its natural resources.
- Ownership: You retain ownership, can sell the land, or pass it to heirs, but the easement “carries with the land” forever.
- Property Taxes: You are still responsible for local property taxes.
- Usage: You can customize restrictions to allow for agriculture, sustainable forestry, and recreation.
- Public Access: An easement does not automatically make land open to the public; you decide who comes onto your property.
Land Donation
- Definition: An outright transfer of title to the Francis Small Heritage Trust.
- Benefit: A simple transaction that releases you from the responsibility of managing the land and paying property taxes.
- Best For: Landowners with highly appreciated property, those without heirs, or those who wish to see their land become a permanent nature preserve.
Land Sale & Bargain Sale
- Definition: In certain cases, FSHT may purchase land outright or through a “Bargain Sale”.
- Bargain Sale: This is when land is sold to the Trust at a price below its appraised market value. The difference between the market value and the sale price is considered a charitable donation, which may provide you with significant tax benefits.
- The Process: Because FSHT is a non-profit, purchasing land typically requires a dedicated fundraising campaign. This process can take several months or longer as we work with the community and grant-making organizations to secure the necessary funds.
Financial Benefits
- Income Tax: Potential deduction of up to 50% of adjusted gross income (100% for farmers).
- Estate Tax: Lower the development value to reduce taxes for your heirs.
- Capital Gains: Avoid taxes that would otherwise result from a sale.
Note: FSHT does not provide tax or legal advice; we recommend consulting with a professional advisor.
Let’s Talk
Protecting your land involves due diligence, including appraisals and site visits. Contact our volunteer board to learn more.
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Thank you for reaching out to the Francis Small Heritage Trust. A member of our volunteer board will review your message and get back to you soon. We appreciate your interest in caring for the land and the communities that depend on it.
Francis Small Heritage Trust, Inc. 