Taxable value of housing and property
Wealth consisting of real property (residential properties and holiday homes) is taxable whether the property is located in Norway or abroad when you’re resident in and tax liable to Norway. The taxable value of the property is used as thebasis for determining wealth tax on residential properties and holiday homes. The real owner of the property at the end of the income year is responsible for any wealth tax on the property in that income year.
The taxable value of your residential property is pre-completed in your tax return based on the housing information you've reported to the Tax Administration. If the taxable value is not stated in your tax return, you can enter the housing information directly in the tax return.
Log in to order a certificate of previously reported values.
When do you have to pay net wealth tax?
If the combined taxable wealth of real property, bank deposits, and other assets exceeds your debts, you have taxable wealth. You do not pay net wealth tax if your wealth is below NOK 1,700,000. If you’re married, a registered partner or spouse-equivalent cohabitant, and you’re taxed together, you do not pay net wealth tax if your combined wealth is below NOK 3,400,000. See the rates for net wealth tax.