The inequity of the disparate treatment under the State Real Property Tax Law.

Resolution calling upon the appropriate committee of the City Council to conduct hearings on the inequity of the disparate treatment under the State Real Property Tax Law between residences which are one-, two- or three-family homes and therefore given the preferential property tax treatment afforded to class one properties, and those which are residences owned in the cooperative or condominium form and are afforded less favorable treatment.