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ZURICH

Have your say: What makes Zurich such a ‘happy’ city to live in… or isn’t it?

Zurich is one of the happiest cities in the world, at least according to a recent study. But do international residents find it a happy city to live in? Share you views below.

Have your say: What makes Zurich such a 'happy' city to live in... or isn't it?
Is Zurich happy, or not so much? Photo: Pixabay

Zurich is the second-happiest city in the world, out of 250 surveyed, according to Happy City Index 2024.

This ranking may, however,  leave some readers perplexed. (Share your own views in the survey or comments section below.)

Aarhus in Denmark got the top spot, while Geneva was ranked in the 9th place.

What is the score based on?

The Happy City Index is based on indicators that relate “to the quality of life and the sense of happiness of residents”.

Unlike traditional indices that focus mainly on economic indicators like GDP, the Happy City Index considers a wide range of factors that contribute to residents’ quality of life that are divided into five key categories, such as citizens, governance, environment, economy and mobility.

Zurich scored high on citizens category (even higher than Aarhaus) but lower on governance.

Governance  includes factors such as involving residents in decision making processes and being transparent (which is odd, since Switzerland has the world’s most direct democracy, which gives each citizen a say in political matters).

On the other hand, the city did well in terms of economy as well as mobility, the latter referring to public transport options available to local population.

But are international residents as happy in Zurich as locals seem to be?

Every year, InterNations conducts the Expat Insider Survey, questioning more than 12,000 respondents about their experiences of living and working abroad in 53 destinations.

In that particular study,  Switzerland’s largest city ranks 16th out of 49.

While  the survey found that Zurich offers the best economy worldwide, it received a poor score (37) for the “ease of settling in” — that is, finding friends and local friendliness toward foreigners.

So do international residents find Zurich a happy city to live in? What is it about Zurich that makes them happy and what makes them unhappy? Share your views in the survey below or the comments section to give other readers some insights into life in Zurich.

Click here if the survey does not appear

 

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ZURICH

Zurich homeowners to pay significantly higher property taxes

Properties are more expensive in Zurich than almost anywhere else in Switzerland, but a planned new charge will place further financial burdens on the canton’s homeowners.

Zurich homeowners to pay significantly higher property taxes

Because Zurich is re-evaluating all properties, homeowners will have to brace themselves for significantly higher tax bills from 2027, cantonal authorities announced onTuesday. 

This step was triggered by two court rulings, according to which many properties in the canton were undervalued. The last estimate took place in 2009, but real estate prices have soared by an estimated 50 percent since then.

Therefore, property tax values are to increase by an average of 48 percent, while  imputed rental values for single-family homes will rise by an average of 11 percent and for apartments by 10 percent.

With this measure, the canton and municipalities can expect additional income of 85 million each.

What is the imputed rental value?

It is a tax term used to describe the theoretical rental value that you would have to pay if you were renting your own property.

In Switzerland, this value is used to calculate taxes, even if you live in your own apartment or house and do not pay rent.

For owner-occupied apartments in the canton of Zurich, the imputed rental value is 4.25 percent of the tax value. For single-family homes, it is 3.5 percent.

Authorities get ready for more ‘hardship’ cases

As a result of this tax hike, a larger number of hardship cases — that is, people who won’t be able to afford higher property taxes — the cantonal government is calling for the introduction of a ‘hardship regulation.’

Under this measure, a tax charge on the imputed rental value should be anchored in the law if it leads to an excessive tax burden in relation to the household income and assets.

The current cantonal hardship regulation serves as a transitional solution, which is in effect until legal basis is enacted at a federal level.

READ ALSO: How fast are property prices rising in Zurich in 2024? 

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