Expensive houses - low tax values
The average assessed tax value of houses sold in 2007 was 20 per cent of the sales price. Expensive houses had a relatively lower tax value than the less expensive houses.
Houses with a sales price of more than NOK 3 million had a tax value of 14 per cent of the sales price in 2007, whereas houses with a sales price less than NOK 1 million had a ratio of 32 per cent.
In 2007, 37 per cent of all houses sold had an assessed tax value of less than 15 per cent of the sales price. Correspondingly, 18 per cent of the houses had a tax value of more than 30 per cent of the sales price. The variation in ratio between the house types is small.
Low tax values in Oslo and Bærum
In Oslo and Bærum the assessed tax value of sold houses is in average 13 per cent of the sales price. The corresponding figure for the other large cities Bergen, Trondheim and Stavanger is 18 per cent, while Akershus and the rest of the country have a ratio of respectively 20 and 23 per cent of the sales price.
A total of 59 894 open market sales are included in the statistics for 2007. The corresponding figure for 2006 is 62 325 sales. The statistics are based on information on assessed tax value from the assessment of taxes in 2007 and 2006. In connection with the tax statement in 2006 the tax values were increased by 25 per cent, while the tax values were increased by 10 per cent in 2007. Sales price is provided by the Ground property, Address and Building Register (GAB) and the Register of Deeds (“Grunnboka”).