Norway Wealth Tax Calculator 2026
Work out your Norwegian wealth tax for 2026: a threshold of NOK 1,900,000 (NOK 3,800,000 for couples), 1.0% above it and 1.1% above NOK 21,500,000. Includes valuation discounts, debt reduction and the split between municipality and state.
Last updated . Figures are for the 2026 tax year.
Counted at 100%.
Includes share savings accounts. The share part counts at 80%; the interest part of mixed funds goes under bank deposits.
25% up to NOK 14,000,000, 70% above.
Rental or commuter home. Counted at 100%.
The value from your tax return. At most 30% of market value.
The taxable value from your tax return.
Commercial property and business assets (optional)
Counted at 80%.
Value for tax purposes. Counted at 70%.
Mortgage, student loan, car loan, credit and other debt on 31 December.
Wealth tax 2026
NOK 1,800
NOK 150 per month
Effective tax rate
0.03%
of net market value (assets minus debt)
To the municipality
NOK 630
0.35% of taxable wealth
To the state
NOK 1,170
0.65% / 0.75% above NOK 21,500,000
| Assets at market value | NOK 10,000,000 |
| Gross wealth (after valuation discounts) | NOK 4,900,000 |
| Debt | -NOK 3,000,000 |
| + Debt reduction (debt you cannot deduct) | NOK 180,000 |
| Net wealth | NOK 2,080,000 |
| - Tax-free threshold | -NOK 1,900,000 |
| Taxable wealth | NOK 180,000 |
You pay 1.0% of the NOK 180,000 above the threshold.
The valuation discount on shares and business assets is 6.0% of your assets at full value. Your debt deduction is cut by the same share, so NOK 180,000 of your debt cannot be deducted.
How it works
Wealth tax (formuesskatt) is a tax on your net wealth: what you own minus what you owe, on 31 December. In 2026 you pay it on net wealth above NOK 1,900,000 (NOK 3,800,000 for a married couple). It is separate from income tax, which surprises many newcomers. The calculator uses the rates adopted for 2026, the valuation discount for each type of asset and the debt reduction rule, and it shows how much goes to your municipality and how much to the state.
How wealth tax is calculated
- Value your assets. Each asset is counted at its taxable value, which is often lower than market value (see the table below). The total is your gross wealth.
- Subtract debt. Debt can in principle be deducted in full. If you own assets with a valuation discount (shares, commercial property, business assets), the debt deduction is reduced in proportion, which is called debt reduction.
- Subtract the threshold. Only net wealth above NOK 1,900,000 is taxed.
- Apply the rates. 0.35% goes to the municipality and 0.65% to the state, 1.0% in total. Above NOK 21,500,000 the state rate is 0.75%, and the combined rate is 1.1%.
Valuation discounts in 2026
| Asset | Counted in your wealth | Debt reduction |
|---|---|---|
| Bank deposits, cash, money-market funds | 100% | No |
| Primary home (where you are registered on 31 December) | 25% up to NOK 14,000,000, 70% above | No |
| Second home (rental or commuter home) | 100% | No (no discount) |
| Holiday cabin | Taxable value in your tax return, at most 30% of market value | No |
| Shares and the equity part of funds (listed and unlisted) | 80% | Yes |
| Commercial property (calculated rental value) | 80% | Yes |
| Business assets | 70% | Yes |
The NOK 14,000,000 limit for primary homes applies from the 2026income year. It is based on the home's calculated market value. Cars, boats and contents are valued under separate rules, so use the value the Tax Administration has filled into your tax return.
Worked example
Alex is single and has NOK 1,000,000 in the bank, equity funds worth NOK 3,000,000, a flat worth NOK 6,000,000 and a mortgage of NOK 3,000,000.
- Taxable values: bank NOK 1,000,000 + funds NOK 2,400,000 + home NOK 1,500,000 = NOK 4,900,000.
- The discount on the funds (NOK 600,000) is 6.0% of the assets at full value (NOK 10,000,000). The debt is reduced by the same share: NOK 3,000,000 - NOK 180,000 = NOK 2,820,000.
- Net wealth: NOK 4,900,000 - NOK 2,820,000 = NOK 2,080,000. Taxable after the threshold: NOK 180,000.
- Wealth tax: NOK 630 to the municipality + NOK 1,170 to the state = NOK 1,800 a year.
The flat is worth NOK 6,000,000 but counts for only NOK 1,500,000, while almost the whole mortgage is deducted. That is why many homeowners pay little or no wealth tax.
How much wealth before you pay?
The threshold applies to net wealth after discounts. If all your wealth is in one type of asset and you have no debt, the limit is roughly:
| Market value in | Single | Married couple |
|---|---|---|
| Bank deposits | NOK 1,900,000 | NOK 3,800,000 |
| Shares and equity funds | NOK 2,375,000 | NOK 4,750,000 |
| Primary home | NOK 7,600,000 | NOK 14,428,571 |
| Second home | NOK 1,900,000 | NOK 3,800,000 |
Most people have a mix of home, savings and debt, so enter your own figures in the calculator.
If you are new to Norway
If you live in Norway you declare all your wealth in your Norwegian tax return, including bank accounts, shares and property abroad. Amounts in foreign currency are converted to kroner, and the Tax Administration has guidance on this. This calculator does not cover foreign tax already paid, special rules for foreign property, or whether you count as resident. Married couples are assessed together, while unmarried cohabitants are normally assessed separately. For your income tax, use the Norway income tax calculator; to see how wealth tax is collected through the year, read about the tax deduction card in the tax table calculator.
Frequently asked questions
How much wealth can I have before paying wealth tax in Norway in 2026?
What are the wealth tax rates in Norway?
Do I pay Norwegian wealth tax on assets abroad if I have just moved here?
How is wealth tax calculated for couples?
How is my home valued for wealth tax?
When do I pay wealth tax?
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