Norway Wealth & Property Tax
Detailed wealth & property tax rates and rules for Norway in 2026.
Wealth Tax
Norway levies a wealth tax (formuesskatt) on worldwide net wealth exceeding NOK 1,700,000 (NOK 3,400,000 for married couples). The combined rate is 1.0% (0.7% municipal + 0.3% state) on wealth up to NOK 20 million, and 1.1% (0.7% + 0.4%) on wealth above NOK 20 million. Assets are generally valued at market value, though primary residences are valued at 25% and secondary residences at 100% of estimated market value. Listed shares are valued at 80% of market value.
Wealth Tax Rate
1.1%
Inheritance / Estate Tax
Norway abolished its inheritance and gift tax (arveavgift) in 2014. There is no tax on inherited or gifted assets. However, the heir generally inherits the deceased's tax cost basis (continuity principle), meaning capital gains tax will apply on future disposals. For assets where the deceased would have been exempt from capital gains (e.g., primary residence), the heir may receive a stepped-up basis.
Top Rate
0%
Property Tax
Norwegian municipalities may levy a property tax (eiendomsskatt) of up to 4‰ (0.4%) of the property's assessed value for residential properties (up to 7‰ for other properties). Not all municipalities impose this tax. Municipal valuations vary. A document duty (tinglysingsgebyr) of 2.5% of market value applies to property transfers. Primary residences benefit from favorable valuation for wealth tax purposes (25% of estimated market value).
How Norway Wealth Tax compares
Norway taxes net wealth. 12 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
