Yes. Donated lands and conservation easements can provide landowners with a variety of tax benefits, including income, estate or gift tax savings. For example, a landowner may qualify for a federal charitable income tax deduction. The value of the tax deduction is determined by the value of the conservation easement – the value of the property the highest development potential minus the value of the property following the conservation of the property. The landowner may also pay less money in property taxes since the development potential of the property has been reduced.