On Friday, Stoltenberg presented his proposals during a press conference at the Ministry of Finance, addressing a significant reform in the taxation of residential properties in Norway. The main message of his plan is to raise the threshold for what is classified as an expensive housing property, which would receive smaller tax deductions, from 10 million kroner to 14 million kroner. Stoltenberg emphasized that only two percent of Norwegian homes exceed the new valuation limit, indicating that the majority of homeowners would not be adversely affected by these changes.

While acknowledging that the model is not perfect, the Finance Minister believes the proposed changes represent a substantial improvement. He stated that the adjustments would allow for more accurate tax assessments, even though achieving a completely precise evaluation for every individual property remains unrealistic. Moreover, the reform aims to ensure that under 200,000 individuals will see an increase in wealth tax, with a significant portion of those being primary homeowners, rather than owners of secondary properties.

To further support homeowners who believe their properties are inaccurately valued, Stoltenberg mentioned the inclusion of a "safety valve" in the reform. This mechanism is designed to provide recourse for those who feel their property's valuation does not reflect its true market value, thereby aiming to balance the tax burden equitably across the population while still addressing the need for government revenue from property taxes.