Switzerland is one of the few countries that applies an imputed rental value and taxes it under the income tax. Many property owners consider this rule unfair; accordingly, there have been repeated political initiatives to abolish it. In light of high private indebtedness, distortive incentives, and counterproductive deductions, a system change has been set in motion. We see these issues as core weaknesses of the current system and, despite reservations, support the shift in property taxation.