SOLUTION: Mr. Cook owns property assessed at $480,000 and pays a property tax rate of $1.93 per hundred. He rents the property by the month. If he budgets his rent income based on his proper

Question 1149347: Mr. Cook owns property assessed at $480,000 and pays a property tax rate of $1.93 per hundred. He rents the property by the month. If he budgets his rent income based on his property taxes, how much rent does he have to charge to cover his property tax bill?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Mr. Cook owns property assessed at $480,000 and pays a property tax rate of $1.93 per hundred.
He rents the property by the month.
If he budgets his rent income based on his property taxes, how much rent does he have to charge to cover his property tax bill?
:
* 1.93 = $9264 per year
therefore
= $772 per month rent
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