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Norwegian (bokmål)
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| Name |
Estimated real capital |
| Definition |
Includes the estimated market value of primary dwellings, secondary dwellings and land and buildings used for business activity. Other types of non-financial assets, e.g. forests, farms and machinery, inventories, household effects etc. are valued according to assessed tax-values. |
| Valid from |
2010-01-01 |
| Valid to |
2016-12-31 |
| Owner |
225 -
Division for income and wage statistics |
| Comments |
It is the estimated market value of the primary dwelling, secondary dwellings and land and buildings related to business activity that make up the difference between the value of estimated non-financial assets and the assessed taxable value of non-financial assets. The assessed tax-value of the primary dwelling corresponds to 25 per cent of the estimated market value during the whole period. In practice, this means that the assessed tax-value of the primary dwelling has been multiplied by 4 to estimate the market value. The tax-assessed of the secondary dwelling have changed somewhat over the years. For the years 2010-2012 the tax-value corresponded to 40 per cent of estimated market value, while this increased to 50 per cent in 2013 and further to 60 per cent in 2014. In order to estimate market values the tax-values have been multiplied by a factor of respectively 100/40, 100/50 and 100/60 for these years. From income year 2013 one has also estimated the market value for land and buildings related to business activity. According to the Tax Authorities the assed tax-value of such property corresponded to 50 per cent of the market value in 2013 and to 60 per cent in 2014. In order to estimate market values the tax-values have been multiplied by a factor of respectively 100/50 and 100/60 for these years. The primary dwelling (principal dwelling) is defined as the dwelling occupied by the owner, according to the National Registry, at the end of the year. A secondary dwelling is a dwelling not regarded as the principal dwelling. This includes dwellings used by household members during the working week, dwellings that are let out etc. Holiday homes etc. are not considered secondary dwellings. Holiday homes are typically holiday cottages or summer houses obtained for the sole purpose of vacation or recreation. |
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| Statistical unit |
Person |
| Subject |
05.01 - Income, property, taxes
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