Over the past 25 years, the Land Trust has used a number of methods to carry out its mission of preservation. Its preferred method is the acquisition of a conservation restriction (CR) on privately owned land that has been identified as environmentally significant. The Land Trust informs the owners of this type of property of the tax benefits to be obtained if the owner grants a CR to the Land Trust. The CR limits development of the land and therefore reduces the value of the land. However, the owner is entitled to a federal charitable contribution tax deduction in the amount of the reduction in value brought about by the granting of the CR to the Land Trust, a charitable corporation under federal tax law. In addition, the reduction of the owner’s property value (in granting the CR) reduces the owner’s local, real property tax liability.