Form Lpc-1 - Schedule B - Application For A Land Preservation Credit - Statement By The Recipient With Respect To Tax Credits Of 1 Million Dollars Or More From A Donation Made On Or After 1/1/07 Of Less-Than-Fee Interest In Land Page 6
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8Instructions for Virginia Form LPC-1, Schedule B (Statement by the Recipient
With Respect to Tax Credits of $1 or More From a Donation Made on or After
1/1/07 of Less-Than- Fee Interest in Land)
A copy of the recorded deed of conservation easement
4. For property certified by the State Forester as
and the baseline documentation record for the property
important to the establishment and preservation of
must be included with Schedule B.
urban forests, see Va Code § 10.1-1105.
C) Natural Habitat and Biological Diversity.
Section I – Detailed Description of Conservation
For the purposes of this category, the following
Purpose
definitions apply.
A) Agricultural Use
•
Significant natural habitat – Areas that represent
Notes:
high quality examples of a terrestrial community or
1. Use value assessment and taxation pursuant to Va
aquatic community caves, or areas which are included
Code § 58.1-3230: State law provides for special
in, adjacent to, or which contribute to the ecological
classifications of land (agricultural, horticultural,
viability or a local, regional, state, or natural park,
forestal, and open-space use) for which a county,
natural preserve, wildlife refuge, wilderness area or
city or town that has adopted a land-use plan may
other similar conservation area.
pass an ordinance that allows those lands to be taxed
•
Natural area – any area of land, water or a combination
according to their value in current use, rather than
thereof, that retains or has reestablished its natural
according to the land’s market value. This allows
character, though it need not be completely natural
the landowner to defer a portion of the property tax
and undisturbed; or which is important in preserving
while the land is used for agricultural, horticultural,
rare or vanishing flora, fauna, native ecological
forest, or open space.
systems, geological, natural, historical, scenic or
2. Agricultural or agricultural and forestal district
similar features of scientific or educational value
pursuant to Va Code § 15.2-4300 et seq. or §15.2-
benefiting the citizens of the Commonwealth.
4400 et seq. These districts, which are established
•
Natural heritage resource – The habitat of rare,
by local governments, enable landowners to pay
threatened, or endangered plant and animal species,
lower real property taxes on land that has agricultural
rare or state significant natural communities or
and/or forestal significance.
geologic sites, and similar features of scientific
3. For designation of important farmland, see Va Code
interest, as identified by the Department of
§ 3.1-18.5(B).
Conservation and Recreation’s Virginia Natural
Heritage Program.
B) Forestal Use:
Notes: For the purposes of Question (C)(3), attach
Notes:
documentation from the local, regional, state, or federal
1. Use value assessment and taxation pursuant to Va
agency confirming that the adjacent lands are managed
Code § 58.1-3230 –see Note (A)(1) above.
primarily for natural habitat and biological diversity.
2. Forestal or agricultural and forestal district pursuant
D) Historic Preservation
to Va Code § 15.2-4300 et seq. or §15.2-4400 et
Note: For the purposes of this category, the applicant
seq.– see Note (A)(2) above.
must work with the Virginia Department of Historic
3. Lands owned and managed by the United States
Resources to develop the appropriate documentation.
Forest Service or the Virginia Department of Forestry
means lands owned by those agencies and managed
•
The Virginia Landmarks Register (VLR) and National
for forest purposes. Applicant may submit a map to
assist with this determination.
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Va. Dept. of Taxation LPC-1 W (Rev 8/08)
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