| Nextseason: | 1968 |
| 1. deild karla1 | |
| Extra Information: | 1 The league changed its name to Úrvalsdeild karla in 1978. |
| T Bg: |
|
| T Color: | white |
| Champions: | KR (3rd title) |
| Runners Up: | ÍR |
| Relegated: | ÍS |
| Teams: | 6 |
| Award4: | MVP |
| Award4 Link: | Úrvalsdeild karla Player of the Year |
| Ppg: | 31.1 |
| Ppg N: | ISL |
The 1967 Úrvalsdeild karla was the 16th season of the top tier men's basketball league on Iceland, then known as 1. deild karla. KR won their 3rd title by beating ÍR in an extra game for the championship after the two teams ended tied for the top place in the league.[1] [2] ÍS got relegated after posting the worst record in the league.[3]
Þórir Magnússon set both records in single season scoring, with 311 points in 10 games, and single game scoring with 57 points.[3]
The participating teams played each other twice for a total of 10 games. The top team won the national championship. If two teams were tied at the top at the end of the season, they would have to play an extra game to decide the national championship.