ALL LESS THAT PORTION DEEDED I, Lake Panasoffkee, FL 33538
Recorded Legal Deed Holder
DRAKE RANCH PARTNERSHIP
Owner Recorded Mailing
10025 S MAGNOLIA AVE, OCALA FL 34476
DOR Land Classification
060
Improvement Allocation
98% Structure ($1,776,910) • 2% Land ($31,470)
Recorded Legal Description
ALL LESS THAT PORTION DEEDED I
APN: A02-001
Investor / Non-Owner Occupied
ALL LESS THAT PORTION DEEDED I
Lake Panasoffkee, FL 33538 • Sumter County Jurisdiction
Tax Shock Notice: Current owner benefits from an assessment cap protecting
$1,776,910 in unassessed value.
A post-transfer reassessment upon sale may increase taxable assessed value by up to 5646.4%.
Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $1,808,380. Structural improvements constitute 98% ($1,776,910) of total parcel value, with allocated land value accounting for 2% ($31,470). The parcel currently benefits from a statutory tax assessment differential of $1,776,910 (98.3% below market), which is subject to standard ad valorem adjustments upon ownership conveyance. Based on the prevailing FL benchmark tax rate of 0.83%, estimated annual ad valorem taxes are approximately $15,010/year.
Property Tax Appeal Savings Simulator
Slide left to simulate lower certified comp value
Target Valuation:$1,808,380
-50% ($904,190)Current Roll ($1,808,380)
Est. Tax Reduction
$0 / yr
(Current assessed baseline)
Simulated at Sumter County benchmark millage rate of 0.83%.