It's not a popular opinion, but we really need to just scrap the entire property tax scheme and implement an income tax. People freak out at that, but most people would likely benefit from it. As an example of how screwed our system is:
My best year in NYC, I made about 50% more than my best year I've had since moving back. I paid less in combined state income taxes, city income taxes and property taxes that year than I have paid in property taxes each of the three years I've been back. And New York is considered a 'high' income tax state.
Just look at how fucked up it is. Live in something like Circle C, and you have a house in the half million dollar range and pay about $10k in property taxes per year, even if you only make $100k. That's literally a 10% tax rate. Conversely, someone who lives in a different part of the state, where property values are lower and harder to get accurate estimate due to lower turnover and you may have a property on the tax rolls at $150k and only pay $3k in property taxes, even if you make $250k, $500k, etc.
Obviously most people aren't making $250k, $500k, etc., but it illustrates how the system is upside down. The middle class basically gets screwed in our system.