Ratio between assessed tax value and sales price on dwellings (discontinued), 1999

An overview of dwellings sold in 1999 shows that homes that sold for more than NOK 2 million have an average assessed tax value of 11 per cent of the sales price. For homes that brought between NOK 1 and 2 million the corresponding figure is 15 per cent. Among the least expensive homes, i.e. sales price under NOK 500 000, the assessed tax value averaged 36 per cent of the sales price.

Lowest in Oslo and Bærum

Detached homes in Oslo and Bærum have the lowest relative assessed tax value. For detached homes in these two municipalities the assessed tax value came to 11 per cent of the sales price. The corresponding share is 18 per cent for the country as a whole.

About the statistics

The statistics cover just under 18 000 owner-occupied dwellings registered as sold on the open market in 1999. The statistics are based on information on assessed tax value from the assessment of taxes for personal taxpayers in 1999, and registered purchase prices in 1999 from the Ground Property, Address and Building Register (GAB). In cases where several persons are recorded as being the buyers of the home, the entire purchase price is registered on one of the buyers, and matched against information on the assessed tax value on the tax return of the person in question. If a married couple/registered cohabitants have split the assessment tax value in their tax returns the total value is used. Combining the assessment value is not possible for buyers without a common family number/cohabitant number and can mean that the assessment tax value will be lower than it actually is.

For more information, contact: andreas.kruger.enge@ssb.no, tel. (+47) 62 88 55 15 or mads.ivar.kirkeberg@ssb.no, tel. (+47) 62 88 52 45.