The City of Oslo is in the process of sending out notices to 300,000 households that they’re about to get hit with property tax. The bills are expected in June.
The city’s new Labour Party-led government coalition pushed through the first property tax program in Oslo in 17 years after assuming office last fall. Revenues from the tax are to be used primarily for additional funding for nursing homes.
The notices explain who may be eligible for real estate tax, generally those with homes or other private property worth more than NOK 4.5 million. Those with property worth less than that are likely to be exempt. Around 20 percent of households in Oslo are expected to find themselves liable for the new property tax, which is expected to raise several hundred million kroner a year to improve elder care.