Wealth tax and valuation discounts
Wealth tax is a tax which is assessed on the basis of your net wealth. Your net wealth determines the amount of wealth tax that is payable to your municipality and the state.
Valuation discounts will be given automatically in the tax assessment you'll receive.
The valuation discount only includes assets owned directly by the taxpayer.
Such asset may be housing and commercial property, shares, etc. and fixed assets.
Wealth tax to the municipality
Tax class | Wealth | Rate |
Tax class 0 and 1 | NOK 0 - 1,700,000 | 0.0 % |
NOK 1,700,001 and above | 0.7 % |
The activation thresholds are for single taxpayers. For spouses, registered partners or spouse-equivalent cohabiting partners who are assessed jointly on their joint wealth, the activation thresholds are twice the amounts shown in the table.
Wealth tax to the state
Tax class | Wealth | Rate |
Tax class 0 and 1 | NOK 0 - 1,700,000 | 0.0 % |
NOK 1,700,001 - 20,000,000 | 0.3 % | |
NOK 20,000,001 and above | 0.4 % |
The activation thresholds are for single taxpayers. For spouses, registered partners or spouse-equivalent cohabiting partners who are assessed jointly on their joint wealth, the activation thresholds are twice the amounts shown in the table.