4.3 Tax value of housing and other real property

The items under "4.3 Tax value of housing and other real property" concern capital such as dwellings, holiday homes, forest property, farms, agricultural property, plots and commercial property, etc.

All items for 4.3 in the tax returnSe all items in the tax return

  • 4.3.2 Housing

    If you own a home as of 31 December, the tax value must be entered under this item. The tax value is determined annually, based on statistics on housing turnover from Statistics Norway and information about the type of dwelling, location, size and year of construction. If the tax value exceeds 30 percent of the home's market value, you can appeal a reduction of tax value, provided that the property's market value can be documented. This concerns your primary home.

  • 4.3.3 Holiday homes

    If you own a holiday home as of 31 December 2016, the tax value must be entered under this item. The tax value is determined on the basis of a previous tax value for the property, the cost price of newly erected buildings or the sales value/purchase sum.

    In tax return for the income year 2016, the tax value of the recreational property is not adjusted upwards.The tax value must not exceed 30 percent of the property's market value.

  • 4.3.4 Forest property

    If you own forest property as of 31 December, the tax value must be entered under this item. The tax value is normally determined on the basis of a previous tax value of the property.

  • 4.3.5 Other real property

    If you own other real property as of 31 December 2016, the tax value must be entered under this item. 'Other real property' means plots of land, commercial property, farms or other real property with or without a taxable yield. The tax value is determined on the basis of a previous tax value for the property, the cost price of newly erected buildings or the sales value/purchase sum. There will be no general increase in the capital values of other real property for the 2016 income year. However, the capital value should be increased if the property's value rose from 1 January 2016 as a result of significant improvements, etc.