LAKE PANASOFFKEE, FL 33538 • Sumter County Jurisdiction
Tax Shock Notice: Current owner benefits from an assessment cap protecting
$4,194,830 in unassessed value.
A post-transfer reassessment upon sale may increase taxable assessed value by up to 3789.0%.
Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $4,305,540. Structural improvements constitute 99% ($4,252,490) of total parcel value, with allocated land value accounting for 1% ($53,050). The parcel currently benefits from a statutory tax assessment differential of $4,194,830 (97.4% 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 $35,736/year.
Property Tax Appeal Savings Simulator
Slide left to simulate lower certified comp value
Target Valuation:$4,305,540
-50% ($2,152,770)Current Roll ($4,305,540)
Est. Tax Reduction
$0 / yr
(Current assessed baseline)
Simulated at Sumter County benchmark millage rate of 0.83%.