APN: A12-005 Investor / Non-Owner Occupied

LANDS LYING IN SEC 12 AS DESC

Lake Panasoffkee, FL 33538 • Sumter County Jurisdiction
Tax Shock Notice: Current owner benefits from an assessment cap protecting $590,590 in unassessed value. A post-transfer reassessment upon sale may increase taxable assessed value by up to 4095.6%.
Financial & Assessment Core
Assessor Fair Market Value
$605,010
Taxable Assessed Value
$14,420
Est. Benchmark Tax (Unadjusted)
$5,022 / yr
at 0.83% benchmark baseline
Cadastral Land Area
265.94 Acres
11,584,346 sq ft
Cadastral Land Area
265.94 Acres
11,584,346 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 98% Structure • 2% Land
Legal Description LANDS LYING IN SEC 12 AS DESC
Advertisement

Cadastral Analysis & Tax Equity Simulation

Interactive Simulator

Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with an assessor fair market valuation of $605,010. Structural improvements constitute 98% ($590,590) of total parcel value, with allocated land value accounting for 2% ($14,420). The parcel currently benefits from a statutory tax assessment differential of $590,590 (97.6% 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 $5,022/year.

Property Tax Appeal Savings Simulator
Slide left to simulate lower assessed comp value
Target Valuation: $605,010
-50% ($302,505) Current Roll ($605,010)
Est. Tax Reduction
$0 / yr
(Current assessed baseline)
Simulated at Sumter County benchmark tax rate of 0.83% (approx. 8.3 mills).
Step-by-step appeal guide →
* Illustrative benchmark calculation based on county baseline. Actual tax bills vary by municipal taxing district, school millage, and statutory exemptions.
Advertisement

Nearby Properties in Sumter County

Adjacent Property & Address City Just Valuation
Lake Panasoffkee $15,120
Lake Panasoffkee $22,500
Lake Panasoffkee $349,140
Lake Panasoffkee $220,370
Lake Panasoffkee $1,391,000
Lake Panasoffkee $10,220