Core Beliefs About the Property
Tax
New York City Needs a Property Tax
The Basis for the Property Tax Should Be Market
Value
Properties with the Same Market Value Should Pay the Same Tax
The Property Tax System Should Be Easy for People to Understand, Fair and Predictable for Property Owners and Government
Because Market Value and an Owners Income Do Not Always Increase at the Same Rate, it Would be Okay to Develop Programs that Provide Relief to Owners Based on Income and Residency but that Relief Should Not Alter Determination of Market Value