Derek Jeter better hope his surgically-repaired ankle heals enough to play a few more seasons — he just might need the cash.
After selling his Trump World Tower penthouse apartment for $15.5 million —taking a $5 million hit on the asking price — the New York Yankees shortstop just got walloped with a staggering $265,000 tax bill for his Tampa mansion — a fourfold increase from what he paid last year.
Quick. Call Phil Mickelson and see where he plans on up and moving to.
Jeter's 2011 property tax assessment was a more modest amount of $68,673, according to the Hillsborough County tax records.
But when construction of the seven-bedroom, nine-bathroom, mega-mansion was complete, the taxes went higher than CC Sabathia's pitch count.
"The reason for the change is that in 2011 the property was not complete," said a county clerk. "The tax assessment was based on a vacant lot."
Now that same vacant waterfront lot has a house valued at $12 million, plus a dock, a pool, a spa and many other over-the-top amenities.
Jeter bought the two lots in 2006 with the intention of building a 30,000 square foot house specifically for his tastes. The sprawling mansion became known as "St. Jetersburg."
The 38-year-old Jeter, who earned $16 million last year, has another year (excluding option) remaining on his $51 million contract.
He has been living in Florida since undergoing surgery on his left ankle in October and the Yankees expect him to be ready for Opening Day in Yankee Stadium.
You think the tax increase is clouding Jeter's mind while he rehabs on his stationary bike. I seriously doubt it.
Forget the taxman, fear Father Time.