In truth theory one aims at general formal laws governing the attribution of truth to statements. Gupta’s and Belnap’s revision-theoretic approach provides various well-motivated theories of truth, in particular T* and T#, which tame the Liar and related paradoxes without a Tarskian hierarchy of languages. In property theory, one similarly aims at general formal laws governing the predication of properties. To avoid Russell’s paradox in this area a recourse to type theory is still popular, as testified by recent work in (...) formal metaphysics by Williamson and Hale. There is a contingent Liar that has been taken to be a problem for type theory. But this is because this Liar has been presented without an explicit recourse to a truth predicate. Thus, type theory could avoid this paradox by incorporating such a predicate and accepting an appropriate theory of truth. There is however a contingent paradox of predication that more clearly undermines the viability of type theory. It is then suggested that a type-free property theory is a better option. One can pursue it, by generalizing the revision-theoretic approach to predication, as it has been done by Orilia with his system P*, based on T*. Although Gupta and Belnap do not explicitly declare a preference for T# over T*, they show that the latter has some advantages, such as the recovery of intuitively acceptable principles concerning truth and a better reconstruction of informal arguments involving this notion. A type-free system based on T# rather than T* extends these advantages to predication and thus fares better than P* in the intended applications of property theory. (shrink)