Form RP-491-b Application for Conservation Easement Agreement Exemption 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the name(s) of the owner(s) and the location of the property, including street address, city, state, and ZIP code.
  3. Provide your mailing address and contact numbers for both daytime and evening. Ensure all information is accurate for effective communication.
  4. Indicate whether the conservation easement encumbers the entire parcel or a portion of it. If it's a portion, attach relevant documentation.
  5. Select the duration of the commitment for preservation by marking an X in the appropriate box corresponding to your chosen time frame.
  6. In the certification section, ensure all owners sign and date the application to validate your submission before returning it to your local assessor by March 1.

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A conservation easement lowers the property value and, correspondingly, estate taxes. In some cases, a conservation easement may drop the value of the estate below the threshold for estate taxes altogether. Heirs can exclude 40% of the value of land under conservation easement from estate taxes.
In general, agricultural conservation easements limit sub- division, non-farm development and other uses that are inconsistent with commercial agriculture. Some easements allow lots to be reserved for family members. Typically, these lots must be small1 to 2 acres is commonand located on the least productive soils.
This process involves filing a petition in court and demonstrating that removing the easement serves the public interest or complies with the terms of the original agreement. Courts generally uphold conservation easements, so a compelling case is required.

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