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Certified Cadastral Property Dossier

Sumter County Jurisdiction • State of Florida

RECORD IDENTIFIER

FL-SUMT-A11-001

Certified Fair Market Value

$697,210

Taxable Assessed Valuation

$30,090

Estimated Annual Tax Obligation

$5,787 / yr

Cadastral Land Dimensions

268.16 Acres

Assessor Parcel ID (APN)	A11-001
Situs Property Address	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	96% Structure ($667,120) • 4% Land ($30,090)
Recorded Legal Description	ALL LESS THAT PORTION DEEDED I

APN: A11-001 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 $667,120 in unassessed value. A post-transfer reassessment upon sale may increase taxable assessed value by up to 2217.1%.

Financial & Assessment Core

Certified Just Value

$697,210

Taxable Assessed Value

$30,090

Est. Benchmark Tax (Unadjusted)

$5,787 / yr

at 0.83% benchmark baseline

Calculate Appeal Savings →

Cadastral Land Area

268.16 Acres

11,681,050 sq ft

Cadastral Attributes & Deed Registry

Recorded Legal Owner	DRAKE RANCH PARTNERSHIP
Mailing Address	10025 S MAGNOLIA AVE, OCALA FL
Land Classification	060
Improvement Share	96% Structure • 4% Land
Legal Description	ALL LESS THAT PORTION DEEDED I

Cadastral Analysis & Tax Equity Simulation

Interactive Simulator

Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $697,210. Structural improvements constitute 96% ($667,120) of total parcel value, with allocated land value accounting for 4% ($30,090). The parcel currently benefits from a statutory tax assessment differential of $667,120 (95.7% 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 $5,787/year.

Property Tax Appeal Savings Simulator

Slide left to simulate lower certified comp value

Target Valuation: $697,210

-50% ($348,605) Current Roll ($697,210)

Est. Tax Reduction

$0 / yr

(Current assessed baseline)

Simulated at Sumter County benchmark millage rate of 0.83%.

Step-by-step appeal guide →

Nearby Properties in Sumter County

Adjacent Property & Address	City	Just Valuation
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
LANDS LYING IN SEC 12 AS DESC, Lake Panasoffkee, FL	Lake Panasoffkee	$220,370