Lake Panasoffkee, FL 33538 • Sumter County Jurisdiction
Tax Shock Notice: Current owner benefits from an assessment cap protecting
$3,115,020 in unassessed value.
A post-transfer reassessment upon sale may increase taxable assessed value by up to 7904.1%.
Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $3,154,430. Structural improvements constitute 99% ($3,115,020) of total parcel value, with allocated land value accounting for 1% ($39,410). The parcel currently benefits from a statutory tax assessment differential of $3,115,020 (98.8% 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 $26,182/year.
Property Tax Appeal Savings Simulator
Slide left to simulate lower certified comp value
Target Valuation:$3,154,430
-50% ($1,577,215)Current Roll ($3,154,430)
Est. Tax Reduction
$0 / yr
(Current assessed baseline)
Simulated at Sumter County benchmark millage rate of 0.83%.