Trout Ranch LLC v Commissioner

T.C. Memo. 2010-283; No. 14374-08, December 27, 2010: Tax Court creates its own appraisal of the value of a conservation easement using the before-and-after method; considers evidence of lot sales after the date the easement was donated.


The taxpayer argued that only the comparable sales appraisal method could be used because data on sales of comparables conservation [...]

Building Industry Association v County of Stanislaus

Court of Appeals of California, Fifth District, No. F058826, Filed November 29, 2010: Upholds the facial validity of the County’s Farmland Mitigation Program provision that conversion of farmland to residential development requires the grant of an agricultural conservation easement over an equivalent area of comparable farmland, with some exceptions.

Stanislaus County adopted the Farmland Mitigation Program (FMP) [...]