The Alexander Inn Guest House in Oak Ridge, Tennessee is now protected forever by a preservation easement held by Knox Heritage.
A preservation easement is a voluntary legal agreement that protects a significant historic, archaeological, or cultural resource. An easement provides assurance to the owner of a historic or cultural property that the property’s intrinsic values will be preserved through subsequent ownership. Certain tax benefits may result for certified historic properties.
Knox Heritage currently holds several easements on historic properties and is prepared to assist with this process. Please review our Preservation Easement Program information packet. Additional information on easements may be found in this National Park Service publication or in this National Trust publication.
Please note that easements are legal tools defined by Tennessee State Law (and, if federal tax incentives are sought, by federal law) and the advice and assistance of a knowledgeable attorney, tax adviser, appraiser, and/or other professionals should be sought prior to using this tool. The National Trust offers a preservation easement Q & A that is helpful. For tax benefits associated with such easements, please review this information and refer to IRS guidelines.
To apply for donating an easement to Knox Heritage, please download and submit this Application for Preservation Easement.
If you own a property with an easement held by Knox Heritage, please be sure to submit an application for Project Approval.
For additional information on this program, please contact ToddMorgan@KnoxHeritage.org.