Rate for:

Tax value of housing

When calculating wealth tax, you must include any assets that you own at the end of the year. These assets must generally be valued at what the asset is worth on the open market. However, an exception is made in the case of housing, and a lower value, known as the tax value, must be used when calculating wealth tax.  

The Norwegian Tax Administration calculates housing values based on Statistics Norway's statistical information concerning house sales. The calculation takes into account the property’s location, floor area, year of construction and type. The tax value is set to a specified percentage of the value of the housing depending on whether the housing is a primary or a secondary dwelling.

By income year, we mean the year in which the income or expense arises. The rates for the income year are used in the tax return and tax calculation.

By tax assessment year, we mean the year after the income year in which the tax return for the income year must be submitted/checked and the tax calculated.


The rate applies to the 2020 income year.

If you need rates for your tax return, see 2019. 

Tax value of housing

Type of housing

Capital value

Primary dwelling

25 percent of the housing value

Secondary dwelling

90 percent of the housing value

The tax value must not exceed:

Type of housing

Limits

Primary dwelling

30 percent of documented market value

Secondary dwelling

Documented market value

You can ask for tax values which exceed these limits to be adjusted downwards.

Valuation discounts apply to assets owned directly by taxable persons.