Norway Wealth Tax Calculator
Work out wealth tax based on what your assets actually consist of — primary residence, secondary residence, bank deposits, shares and debt are valued differently, not as one combined sum.
How to use the wealth tax calculator
- Enter the market value of your primary residence and any secondary residence (cabin, rental property, etc.) separately — they're valued differently.
- Enter bank deposits/cash, shares/funds and other assets (car, boat etc.) separately.
- Enter total debt. The calculator works out taxable wealth per asset type and in total, and allocates debt proportionally.
How wealth tax is calculated
Wealth tax isn't calculated on your gross wealth directly. Each asset type has its own valuation discount — how large a share of the market value actually counts:
Wealth tax = (Total taxable value − proportional debt deduction − tax-free allowance) × rate
Worked example: a primary residence worth 6,000,000 kr counts at only 25 % of its value: 6,000,000 × 25 % = 1,500,000 kr. Add 500,000 kr in the bank (100 %) and 1,000,000 kr in shares (80 %, or 800,000 kr) and taxable wealth is 2,800,000 kr. The 1,000,000 kr of debt cannot be deducted in full — it is allocated across the assets and discounted at the same rates, here to 373,333 kr. That leaves 2,800,000 − 373,333 = 2,426,667 kr, and above the 1,900,000 kr allowance this gives 526,667 × 1 % = 5,267 kr in wealth tax.
A primary residence is valued at 25 % of market value up to 10 million kr, and 70 % of the value above this. Secondary residences, bank deposits and cash are valued at full value (100 %). Shares and funds are valued at 80 % of value (a 20 % discount).
Debt isn't deducted in full from the total — it's allocated proportionally across your asset types based on gross value, and discounted at the same rate as the asset type it's allocated to. Debt that in practice finances shares therefore only gives a deduction of 80 % of that amount, not 100 %.
Frequently asked questions
Do I pay wealth tax on the home I live in?
Yes, but your primary residence is valued at only 25 % of market value up to 10 million kr (70 % of the value above this), compared to 100 % for a secondary residence. This significantly reduces the taxable value compared to other asset types.
Why does wealth tax have two rates?
Norway has introduced an extra rate for very large fortunes above a high threshold (21.5 million kr), in addition to the base rate that applies from the tax-free allowance.
Why doesn't my debt give a full deduction?
Debt is allocated proportionally across your asset types based on gross value, and gets the same discount as the asset type it's allocated to. If you've, say, borrowed money to invest in shares (valued at 80 %), that portion of the debt only gives an 80 % deduction — not a full deduction as many assume.