This paper defends the thesis that value in a piece of music is based in its formal properties rather than its non-formal properties. Two arguments are presented to support this conclusion. The first argument shows that if value in music is to be objective, then it must be grounded in a piece\u27s formal properties rather than its non-formal properties. In the second argument, a number of alternate possibilities for grounding value in music are considered and shown to miss the mark or be inadequate. Finally, a number of possible objections against the arguments and conclusion are considered and possible responses to them given