Taxes and running costs for homeowners in Norway
Municipal charges, property tax, wealth-tax value, interest deduction and maintenance.
Applies to: Norway. Reviewed 2026-09-25.
Key takeaways
- The municipality decides whether there is property tax and how high it is, within a ceiling.
- The primary home is valued low for wealth tax.
- Mortgage interest is deducted against ordinary income, currently at 22 per cent.
Taxes
Property tax is decided by each municipality. The Act caps the rate for homes and the municipality may grant a basic deduction.
Running and maintenance
- Municipal charges: water, sewage, waste and chimney sweeping.
- Electricity and heating, which vary widely with power prices and the home.
- Buildings and contents insurance.
- Common costs in cooperatives and owner sections.
- Maintenance: roof, façade, drainage, wet rooms.
Questions to ask
- What are the municipal property tax and charges for this particular home?
Red flags
- You have not budgeted for municipal water, sewage and waste charges.
Sources
- The Municipal Property Tax Act (Lovdata)