What is meant by tax-exempt assessment?
A house in which minimum 50 per cent of the home (based on rental value) is used by the owner, is to be tax-exempt assessed. The same applies where a larger proportion of the home is rented out, where total letting income for the year does not exceed NOK 20,000.
Read more about tax-exempt assessment of homes in Tax-ABC.
What is meant by accounts-based assessed homes?
Homes that are not tax-exempt are to be accounts-based assessed. Multi-unit houses are to always be accounts-based assessed. A multi-unit house is a home which contains 3 or more independent housing units.
Read more about accounts-based assessment in Tax-ABC.