How high is the property tax in the Canton of Zurich?

Property tax in the Canton of Zurich amounts to 0.5–3.0 per mille of the official wealth tax value, depending on the municipality. Municipalities such as Zollikon and Kilchberg are favourable.

How is property tax calculated?

The tax is calculated as a per mille rate on the official wealth tax value of the property. This tax value is usually significantly below the market value (approx. 50–70%).

Can I deduct property tax from my income?

Yes, property tax is deductible for income tax purposes as property maintenance. It is recognised as an expense for generating income.

Who has to pay property tax?

The taxpayer is the owner as at 1 January of the tax year. In the event of a property transfer during the year, buyer and seller bear the tax pro rata.

Property Tax Zurich: All Municipalities