Property Law and Real Estate Commons^™

The Value Of Conservation Easements: An Analysis Of The Effects Of Conservation Easements On Property Values In Central Vermont., Jonathan Decker

Capstone Collection

This capstone research aims to explore the possibilities of an association between changes in the fair market value of landed properties and their proximity to land parcels containing conservation easements. The study attempts to provide a greater understanding of how conservation easements provide benefits to Vermont municipalities. These benefits are described as ecosystem services, and their value was proxied by increases in the fair market value of transferred real-estate located within two distinct radiuses of the conserved land.

The study focuses on two specific properties located in the towns of Marshfield and East Montpelier. For each town, four separate datasets …