Maryland Environmental Trust
Conservation Easement Tax Savings Estimator -
Please note: This Estimator does not incorporate the improved Federal Tax Deductions that are available for 2006 and 2007 only. Please see "Tax Benefits" for more information.
(For Individuals Donating Easements to the Maryland Environmental Trust – not suitable for Corporations and Partnerships.)

Disclaimer: These numbers are estimates only. The Trust makes no guarantee of any specific tax benefit from donation of an easement. The information and data on this page is for guidance and general planning purposes only. It should not be used to make decisions on specific matters without proper advice from legal and financial professionals. No information is being collected during this process. For more information please see our Privacy Policy.

1 Property owned by:
Number of Individual (s)
If two individuals, are they married and filing jointly? Yes No
2 Combined Annual Income
        What is Combined Annual Income?
3 Estimate the current property value
        What is current property value?
4 Estimate the value of your estate.
        What is value of estate?
(optional – only suitable for a single individual or a married couple)
Note: This analysis does not take into account the time value of money and the following assumptions are made: Easement value is 50% of property value. Incomes and property percentage ownerships of individuals are equal. 2003 tax brackets are modified for simplicity and accuracy. Other possible Subtractions, Deductions, and Dependents are not considered. County (piggyback) taxes are approximate (.025). Property owners live and pay income tax in Maryland. The land value of the property excepting the improvements is 75% the value of the property. For estate taxation, a single individual takes a one million dollar exemption and a married couple takes a two million dollar exemption. Estate Tax Rates used are 2002 rates.

RESULTS:
Total Federal and State Income Tax Savings
(will be realized over a number of years):
$ per individual or married couple

Income Tax Savings as Percent of Donation*:
  %

* In other words, the tax savings per individual or married couple achieved was ______% of the value given up through the donation.

Total Estate Tax Savings: $  
(only for a single person or married couple) (Uses 2002 rates)

Combined Income Tax Savings & Estate Tax Savings:
$

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Last updated August 11, 2006