Appraisals
The appraisal determines the value given to a conservation easement for purposes of determining the amount of the charitable gift. See Appraisal Process Substantiation 1.170A-13T(c)(1).
It is an IRS requirement that the value of the conservation easement be determined by a “Qualified Appraiser” who has at least the designation of “general appraiser.” Land trust standards and practices require that the land trust keep “arm’s length” from the appraisal, which means among other things, that we do not recommend specific appraisers. You can get information on prospective appraisers using the following resources.
Donors looking for an appraiser to handle their appraisal can look at:
The appraisal institute allows you to search by city.
Appraisers can find opportunities for training in conservation easement valuation at:
American Society of Farm Managers and Rural Appraisers
