Comments on: Wealth Tax in Norway (2026 Figures)

By: Janet

Janet — Tue, 13 Jan 2026 17:16:54 +0000

Entirely agree. The prudent who save and invest are penalised for people who are not so careful

By: Neal Clark

Neal Clark — Sun, 11 Jan 2026 10:45:26 +0000

The statement “your primary dwelling is valued at 25% of its estimated market value.” is no longer true. It is true if the market value is under 10mill kr but dwellings worth over 10mill kr are taxed at 70% of market value for that part of the dwelling worth over 10 mill kr. This new rule has just been dumped on Norwegians and will apply to many aged people on fixed pensions who happened to have chosen a popular area to live in when they purchased many decades ago.
The “newness” or with other words the unpredictabilty of this is UNFAIR and especially to people who have little or fixed incomes.

By: Jessica

Jessica — Tue, 06 Jan 2026 14:46:59 +0000

In reply to PH2026. And plenty of us, indeed many on this site, are looking to move there, well aware of the higher taxes and the benefits it affords. Personally, I've already taken a huge pay cut both in wages and in taxes by moving from the US to the UK. What I found is a system with higher taxes had benefits for society overall that I will gladly pay for. And now? I will gladly pay higher taxes for a society where this is even more the case. Perhaps what will really happen is those who don't hold those values will move to places where they pay lower taxes and the societal benefits don't exist. The issues that come with this hopefully won't bother them. And with that, perhaps the people who are more than OK with paying for a better society will be more than willing to do so. Good luck to you. I hope wherever you wind up you don't find that the problems of society mean you haven't really saved anything by saving on taxes.

By: PH2026

PH2026 — Mon, 15 Dec 2025 10:10:31 +0000

The main reason I am leaving and paying my exit taxes. Norway will loss my (relative) talent, and (most of) my future tax contributions.

By: Jon Irons

Jon Irons — Tue, 23 Sep 2025 11:16:44 +0000

In reply to Bernard Hermanson. Yes they do. That's why it is totally unfair. There is no incentive to save. Just borrow more and more. That what the new Norwegian government wants people to do.I saved for my pension to have some financial security and get awarded by extra tax each year. An unfair tax for many normal working Norwegian citizens 🤧

By: James

James — Tue, 29 Jul 2025 11:41:04 +0000

Thanks. This is an interesting article from a UK perspective as people like Gary Stevenson, seeking to reduce inequality here, cite Norway as an example of a country that levies a wealth tax successfully.
Exactly how wealth is assessed isn’t clear, and how that would translate to the UK without reneging on previous commitments like the tax-free status of various savings and investment schemes is a conundrum.

By: Bernard Hermanson

Bernard Hermanson — Tue, 11 Mar 2025 16:54:14 +0000

Do a lot of people (common everyday people, i e teachers, store clerks, delivery people, construction workers, etc. )have trouble with daily bills because of the taxation?

By: fredric david ohr

fredric david ohr — Sun, 20 Oct 2024 22:56:59 +0000

So, a wealthy Norwegian can pay over 100% tax on his annual income. Be interesting to see the U-Haul stats.

By: Ralph

Ralph — Wed, 13 Sep 2023 16:20:43 +0000

In reply to .... Bad idea. Everyone is already paying hidden tax due to inflation debasing currencies, and in most cases anyone who has successfully worked hard to provide for themselves and their family will be paying some or all of income taxes, taxes on capital gains, taxes on energy, transport, goods, and services, and then death taxes. !

By: y89689

y89689 — Thu, 13 Apr 2023 01:21:51 +0000

I’d support such a thing for “wealth”. Aimed at the obscene/billionaires to ensure they can’t avoid it with offshore investments,paying half a billion for water colors and sitting on it for that purpose, etc.. It shouldn’t even be considered for anyone under $10 million. I don’t think 99% of people would ever see a sting in that. It’s essentially property tax on all of your property and it’s a good idea. I have no delusions of well one day I’ll be a billionaire and I’ll want to buy the Mona Lisa w/o feeling like I’m renting it.