Norway Formuesskatt 2026 Wealth Tax Calculator
Estimate your 2026 Norwegian wealth tax (formuesskatt). Inputs handle the NOK 1.7M personal allowance, state-tier escalation above NOK 20M, and the 25% primary-residence valuation discount.
| Primary residence (valued at 25%) | — |
| Secondary property (valued at 100%) | — |
| Shares & funds (valued at 80%) | — |
| Cash & deposits | — |
| Other assets | — |
| Less: total debt | — |
| Less: personal allowance | — |
| Net taxable wealth | — |
| Municipal tax (0.7%) | — |
| State tax (0.4% / 0.7% tier 2) | — |
| Total formuesskatt 2026 | — |
Norway is one of the last OECD countries with an annual wealth tax (formuesskatt). For 2026, the personal allowance is NOK 1.7M (NOK 3.4M for married couples). The combined rate is 1.1% on net wealth above the allowance (0.7% municipal + 0.4% state), with a state-tier-2 surcharge of 0.7% above NOK 20M (single) or NOK 40M (married). Asset-class valuations matter: primary residence is taxed on 25% of market value, secondary on 100%, listed shares on 80%.
How Assets Are Valued
Norway uses asset-class discounts to lower the effective wealth-tax base. Primary residence: 25% of market value (special rule for high-value homes — above NOK 10M the marginal slice is taxed at 70%). Secondary residence and vacation property: 100% of estimated market value. Listed shares and equity funds: 80% of market value (so a 20% valuation discount). Unlisted operating-company shares: 80% with the so-called 'næringseiendom' rules. Cash, bonds, and crypto: 100% face value. Debt is fully deductible but its allocation against discounted assets reduces the effective deduction.
Optimization and Pitfalls
Mortgage debt is fully deductible, which is why high-wealth Norwegians often keep mortgages rather than paying them down. The Aksjesparekonto (ASK) does not eliminate wealth tax — it only defers income tax on share gains. Voluntary individual pension scheme (IPS) contributions reduce wealth-tax base up to NOK 15,000/year. The biggest pitfall is the exit tax (utflyttingsskatt): leaving Norway with unrealized share gains above NOK 500,000 triggers a tax that you must pay within 12 years (recent 2024 reform tightened this). Always speak to Skatteetaten before relocating with substantial portfolio assets.
Last updated May 2026. Sources: Skatteetaten, NAV.