LAKE PANASOFFKEE, FL 33538 • Sumter County Jurisdiction
Tax Shock Notice: Current owner benefits from an assessment cap protecting
$3,456,450 in unassessed value.
A post-transfer reassessment upon sale may increase taxable assessed value by up to 1867.5%.
8175 NW 38TH ST is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $3,641,530. Structural improvements constitute 98% ($3,578,930) of total parcel value, with allocated land value accounting for 2% ($62,600). The parcel currently benefits from a statutory tax assessment differential of $3,456,450 (94.9% 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 $30,225/year.
Property Tax Appeal Savings Simulator
Slide left to simulate lower certified comp value
Target Valuation:$3,641,530
-50% ($1,820,765)Current Roll ($3,641,530)
Est. Tax Reduction
$0 / yr
(Current assessed baseline)
Simulated at Sumter County benchmark millage rate of 0.83%.