Tax-exempt assessment of your own home means that:

You own a home that you live in yourself, and:

• the home has not been rented out, or
• it’s been rented out short-term, or
• it’s been rented out long-term, but the rental is tax-free

Tax-exempt assessment of your own holiday home means that:

You own a holiday property that you use for leisure purposes, and:

• it has not been rented out, or
• it’s been rented out and the rental income is taxed using the standard method. This method means that rental income up to NOK 15,000 (NOK 10,000 in 2024) during the calendar year is tax-free, and 85 percent of rental income above NOK 15,000 (NOK 10,000 in 2024) is considered taxable income.
• Example: If you earn NOK 50,000 in 2025, you’ll be taxed on: (50,000 – 15,000) × 85% = NOK 29,750