Mr. Landlord had the following lease agreement with Ms. Tenant:

Lease term: 1 Apr 2022 - 31 Mar 2023

Monthly rents: $50,000

Monthly payment for management fees for cleaning services: $5,000

Monthly payment for use of property amenities : $3,000

Mr. Landlord incurred the following expenses in relation with the property:

Rates: $3,000 each quarter.

Property agency fee to a property agent: $25,000 (half the monthly rent)

Calculate Mr. Landlord's property tax liability for 2022/23.

(Hint: which expenses can we deduct for property tax?)