Colorado

Aug 5, 2010 8:23 AM by Bea Karnes, News First 5

Colorado to begin reviewing conservation easements

Colorado Attorney General John Suthers is stepping into the dispute between landowners and the state Department of Revenue over conservation easements.

Department of Revenue Director Roxy Huber told dozens of angry landowners Wednesday that the state will evaluate complaints of shoddy appraisals that prompted the denial of $90 million in tax credits to 355 landowners. The easements were payments to farmers and ranchers not to develop their land.

Property owners say the easements were valued by appraisers who were disciplined by the state. Many of the landowners said they followed state laws for getting their appraisals and are facing bankruptcy after the state demanded they pay back their tax credits.

Suthers and his staff will meet with landowners about possible settlements.

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