Determining Easement Value

Example: a 200-acre farm

Appraised at fair market development value
$2,500 per acre = $500,000

Estimated farmland restricted value
$1,200 per acre = $240,000

Potential conservation easement value
$1,300 per acre =$260,000

Note:

Values are variable, subject to established appraisal procedures (302 KAR 100.020) for purchasing agricultural conservation easements