The Martha's Vineyard Land Bank has conserved 3000 acres of the island by collection of a 2% transfer fee on most transactions. Although administered by a private conservancy, the fee is not a private transfer tax imposed by covenant but was, instead, created by enabling legislation
Year: 2009
Organization/Source: Martha's Vineyard Land Bank Commission
Topic tags: Transfer Fees and Stewardship Funding Covenants for Conservation Easements