Protect Your Land
Purchase of Development Rights
What is Purchase of Development Rights?
How is the value of non-farm development rights established?
How does the process work?
NYALT works with the sponsoring municipality and landowners and who have been selected for a NYS farmland protection grant (PDR) to help them with the conservation land planning, related documents, and materials necessary to meet state and federal guidelines for farmland conservation projects. As part of this process, NYALT agrees to uphold the conservation agreement (called a conservation easement) into the future.
Where does funding come from?
Donating a Conservation Easement
By donating a conservation easement, you become a community leader, establishing a gift that keeps giving to future generations. Conserving your land is one of the greatest legacy actions you can take. Good farm and forestland will become ever more important as we work to strengthen our local food supply and conserve our water and natural resources. You can make a real difference with the gift of an agricultural conservation easement. Donating a conservation easement can help families with estate planning and can provide state and federal income tax deductions and state property tax credits.
For more information, please complete the Landowner Information Form and return it to NYALT or contact Brandy Colebrook at email@example.com or 315-203-6077.
What is involved in donating a conservation easement?
Meet With Staff
Review of Title Documents and Public Records
Draft the Conservation Easement
Prepare Final Documents
Prepare the Baseline
Complete the Project
Apply for State and Federal Income Tax Deductions
Project Time Frame
The New York State Tax Credit gives landowners whose land is restricted by a donated or partially donated conservation easement an annual refund of 25% of the property taxes paid on that land, exclusive of structures and improvements, up to $5,000 per year. Your local municipality will not experience a reduction in tax revenue because the it is a New York State income tax credit.