Attachment A

               

 

Determining purchase price.  The purchase price of a conservation easement shall be calculated by multiplying the appraised value by the applicable percentage of appraised value set forth in the table below.  The average annual adjusted gross income shall be based on the aggregate of the annual adjusted gross income of each owner of record and the members of his or her immediate family in each of the three (3) most recent tax years.  In the case of a parcel owned by an entity such as a corporation, partnership, limited liability company, trust or estate, the average annual adjusted gross income of the owner shall be based on the aggregate annual adjusted gross incomes of the shareholders, partners, members, grantor, beneficiaries or decedent, as the case may be.

 

 

 

Average Annual Adjusted Gross Income

Percentage of Appraised Value

$ 0 - $50,000

100%

$50,001 - $60,000

94%

$60,001 - $70,000

88%

$70,001 - $80,000

82%

$80,001 - $90,000

76%

$90,001 - $100,000

70%

$100,001 - $110,000

64%

$110,001 - $120,000

58%

$120,001 - $130,000

52%

$130,001 - $140,000

46%

$140,001 - $150,000

40%

$150,001 - $160,000

34%

$160,001 - $170,000

28%

$170,001 - $180,000

22%

$180,001 - $190,000

16%

$190,001 - $200,000

10%

$200,001 or more

4%

 

 

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