| Assessor Parcel ID (APN) | A10-002 |
|---|---|
| Situs Property Address | LANDS LYING IN SEC 10 AS DESC, 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 | 89% Structure ($27,640) • 11% Land ($3,290) |
| Recorded Legal Description | LANDS LYING IN SEC 10 AS DESC |
| Recorded Legal Owner | DRAKE RANCH PARTNERSHIP |
|---|---|
| Mailing Address | 10025 S MAGNOLIA AVE, OCALA FL |
| Land Classification | 060 |
| Improvement Share | 89% Structure • 11% Land |
| Legal Description | LANDS LYING IN SEC 10 AS DESC |
Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $30,930. Structural improvements constitute 89% ($27,640) of total parcel value, with allocated land value accounting for 11% ($3,290). The parcel currently benefits from a statutory tax assessment differential of $27,640 (89.4% 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 $257/year.
| Adjacent Property & Address | City | Just Valuation |
|---|---|---|
| ALL LESS THAT PORTION DEEDED I, Lake Panasoffkee, FL | Lake Panasoffkee | $697,210 |
| LANDS LYING IN SEC 11 AS DESC, Lake Panasoffkee, FL | Lake Panasoffkee | $925,030 |
| ALL LESS BEG S 87 DEG 15 MIN 0, Lake Panasoffkee, FL | Lake Panasoffkee | $15,120 |
| THAT PORTION OF LAND LYING IN, Lake Panasoffkee, FL | Lake Panasoffkee | $22,500 |
| BEG 87 DEG 15 MIN 05 SEC E 112, Lake Panasoffkee, FL | Lake Panasoffkee | $349,140 |
| LANDS LYING IN SEC 12 AS DESC, Lake Panasoffkee, FL | Lake Panasoffkee | $605,010 |