diff --git a/quartz/components/PageList.tsx b/quartz/components/PageList.tsx
index c0538f5fa..380d06104 100644
--- a/quartz/components/PageList.tsx
+++ b/quartz/components/PageList.tsx
@@ -1,4 +1,4 @@
-import { FullSlug, resolveRelative } from "../util/path"
+import { FullSlug, resolveRelative, slugTag } from "../util/path"
 import { QuartzPluginData } from "../plugins/vfile"
 import { Date, getDate } from "./Date"
 import { QuartzComponent, QuartzComponentProps } from "./types"
@@ -61,7 +61,7 @@ export const PageList: QuartzComponent = ({ cfg, fileData, allFiles, limit, sort
                   <li>
                     <a
                       class="internal tag-link"
-                      href={resolveRelative(fileData.slug!, `tags/${tag}` as FullSlug)}
+                      href={resolveRelative(fileData.slug!, `tags/${slugTag(tag)}` as FullSlug)}
                     >
                       {tag}
                     </a>
diff --git a/quartz/components/RecentNotes.tsx b/quartz/components/RecentNotes.tsx
index 2c32feadf..5c566520e 100644
--- a/quartz/components/RecentNotes.tsx
+++ b/quartz/components/RecentNotes.tsx
@@ -1,5 +1,5 @@
 import { QuartzComponent, QuartzComponentConstructor, QuartzComponentProps } from "./types"
-import { FullSlug, SimpleSlug, resolveRelative } from "../util/path"
+import { FullSlug, SimpleSlug, resolveRelative, slugTag } from "../util/path"
 import { QuartzPluginData } from "../plugins/vfile"
 import { byDateAndAlphabetical } from "./PageList"
 import style from "./styles/recentNotes.scss"
@@ -64,7 +64,10 @@ export default ((userOpts?: Partial<Options>) => {
                         <li>
                           <a
                             class="internal tag-link"
-                            href={resolveRelative(fileData.slug!, `tags/${tag}` as FullSlug)}
+                            href={resolveRelative(
+                              fileData.slug!,
+                              `tags/${slugTag(tag)}` as FullSlug,
+                            )}
                           >
                             {tag}
                           </a>
diff --git a/quartz/components/pages/TagContent.tsx b/quartz/components/pages/TagContent.tsx
index e56c6d609..f11cb921b 100644
--- a/quartz/components/pages/TagContent.tsx
+++ b/quartz/components/pages/TagContent.tsx
@@ -1,7 +1,7 @@
 import { QuartzComponent, QuartzComponentConstructor, QuartzComponentProps } from "../types"
 import style from "../styles/listPage.scss"
 import { PageList, SortFn } from "../PageList"
-import { FullSlug, getAllSegmentPrefixes, simplifySlug } from "../../util/path"
+import { FullSlug, getAllSegmentPrefixes, simplifySlug, slugTag } from "../../util/path"
 import { QuartzPluginData } from "../../plugins/vfile"
 import { Root } from "hast"
 import { htmlToJsx } from "../../util/jsx"
@@ -63,7 +63,8 @@ export default ((opts?: Partial<TagContentOptions>) => {
                 allFiles: pages,
               }
 
-              const contentPage = allFiles.filter((file) => file.slug === `tags/${tag}`).at(0)
+              const tagSlug = slugTag(tag)
+              const contentPage = allFiles.filter((file) => file.slug === `tags/${tagSlug}`).at(0)
 
               const root = contentPage?.htmlAst
               const content =
@@ -74,7 +75,7 @@ export default ((opts?: Partial<TagContentOptions>) => {
               return (
                 <div>
                   <h2>
-                    <a class="internal tag-link" href={`../tags/${tag}`}>
+                    <a class="internal tag-link" href={`../tags/${tagSlug}`}>
                       {tag}
                     </a>
                   </h2>
diff --git a/quartz/plugins/emitters/tagPage.tsx b/quartz/plugins/emitters/tagPage.tsx
index 9913e7d82..bedbf5c39 100644
--- a/quartz/plugins/emitters/tagPage.tsx
+++ b/quartz/plugins/emitters/tagPage.tsx
@@ -11,6 +11,7 @@ import {
   getAllSegmentPrefixes,
   joinSegments,
   pathToRoot,
+  slugTag,
 } from "../../util/path"
 import { defaultListPageLayout, sharedPageComponents } from "../../../quartz.layout"
 import { TagContent } from "../../components"
@@ -64,7 +65,7 @@ export const TagPage: QuartzEmitterPlugin<Partial<TagPageOptions>> = (userOpts)
         for (const tag of tags) {
           graph.addEdge(
             sourcePath,
-            joinSegments(ctx.argv.output, "tags", tag + ".html") as FilePath,
+            joinSegments(ctx.argv.output, "tags", slugTag(tag) + ".html") as FilePath,
           )
         }
       }
@@ -80,42 +81,56 @@ export const TagPage: QuartzEmitterPlugin<Partial<TagPageOptions>> = (userOpts)
         allFiles.flatMap((data) => data.frontmatter?.tags ?? []).flatMap(getAllSegmentPrefixes),
       )
 
-      // add base tag
-      tags.add("index")
-
-      const tagDescriptions: Record<string, ProcessedContent> = Object.fromEntries(
+      const tagDescriptions: Map<FullSlug, { tag: string; content: ProcessedContent }> = new Map(
         [...tags].map((tag) => {
-          const title =
-            tag === "index"
-              ? i18n(cfg.locale).pages.tagContent.tagIndex
-              : `${i18n(cfg.locale).pages.tagContent.tag}: ${tag}`
-          return [
-            tag,
-            defaultProcessedContent({
-              slug: joinSegments("tags", tag) as FullSlug,
-              frontmatter: { title, tags: [] },
-            }),
-          ]
+          const title = `${i18n(cfg.locale).pages.tagContent.tag}: ${tag}`
+          const slug = joinSegments("tags", slugTag(tag)) as FullSlug
+          const content = defaultProcessedContent({ slug, frontmatter: { title } })
+          return [slug, { tag, content }]
         }),
       )
 
+      // add base tag
+      tagDescriptions.set("tags/index" as FullSlug, {
+        tag: "index",
+        content: defaultProcessedContent({
+          slug: "tags/index" as FullSlug,
+          frontmatter: {
+            title: i18n(cfg.locale).pages.tagContent.tagIndex,
+          },
+        }),
+      })
+
+      let tagFolder: string | undefined
+
       for (const [tree, file] of content) {
         const slug = file.data.slug!
-        if (slug.startsWith("tags/")) {
-          const tag = slug.slice("tags/".length)
-          if (tags.has(tag)) {
-            tagDescriptions[tag] = [tree, file]
-            if (file.data.frontmatter?.title === tag) {
-              file.data.frontmatter.title = `${i18n(cfg.locale).pages.tagContent.tag}: ${tag}`
-            }
-          }
+        if (!slug.startsWith("tags/")) {
+          continue
+        }
+        const desc = tagDescriptions.get(slug)
+        if (!desc) {
+          continue
+        }
+        desc.content = [tree, file]
+        if (file.data.frontmatter?.title === desc.tag) {
+          file.data.frontmatter.title = `${i18n(cfg.locale).pages.tagContent.tag}: ${desc.tag}`
+        }
+        if (!tagFolder && file.data.relativePath) {
+          tagFolder = file.data.relativePath.split("/").at(0)
         }
       }
 
-      for (const tag of tags) {
-        const slug = joinSegments("tags", tag) as FullSlug
-        const [tree, file] = tagDescriptions[tag]
-        const externalResources = pageResources(pathToRoot(slug), file.data, resources)
+      // this is a hack to make sure our virtual `tags/index` page has the same folder as the other tag pages
+      // so that the breadcrumbs render consistent capitalization etc
+      if (tagFolder) {
+        const path = `${tagFolder}/index.html` as FilePath
+        tagDescriptions.get("tags/index" as FullSlug)!.content[1].data.relativePath = path
+      }
+
+      for (const [slug, desc] of tagDescriptions.entries()) {
+        const [tree, file] = desc.content
+        const externalResources = pageResources(pathToRoot(slug as FullSlug), file.data, resources)
         const componentData: QuartzComponentProps = {
           ctx,
           fileData: file.data,
diff --git a/quartz/plugins/transformers/ofm.ts b/quartz/plugins/transformers/ofm.ts
index b0b0a42ef..dc0019d4f 100644
--- a/quartz/plugins/transformers/ofm.ts
+++ b/quartz/plugins/transformers/ofm.ts
@@ -337,7 +337,6 @@ export const ObsidianFlavoredMarkdown: QuartzTransformerPlugin<Partial<Options>>
                   return false
                 }
 
-                tag = slugTag(tag)
                 if (file.data.frontmatter) {
                   const noteTags = file.data.frontmatter.tags ?? []
                   file.data.frontmatter.tags = [...new Set([...noteTags, tag])]
@@ -345,7 +344,7 @@ export const ObsidianFlavoredMarkdown: QuartzTransformerPlugin<Partial<Options>>
 
                 return {
                   type: "link",
-                  url: base + `/tags/${tag}`,
+                  url: `${base}/tags/${slugTag(tag)}`,
                   data: {
                     hProperties: {
                       className: ["tag-link"],