Explore by Career/Business and Financial Operations
Appraisers and Assessors of Real Estate
Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.
- Median pay
- —
- per year
- 10-year outlook
- —
- No data
- Typical entry
- —
Key skills
- Reading Comprehension
- Active Listening
- Speaking
- Critical Thinking
- Writing
- Complex Problem Solving
- Judgment and Decision Making
- Social Perceptiveness
What they do
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Inspect new construction and major improvements to existing structures to determine values.
- Collect and analyze relevant data to identify real estate market trends.
- Prepare and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures, property characteristics, and any applicable exemptions.
- Explain assessed values to property owners and defend appealed assessments at public hearings.
- Identify the ownership of each piece of taxable property.
- Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
- Complete and maintain assessment rolls that show the assessed values and status of all property in a municipality.
- Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.
Majors that lead here
Sources: U.S. Bureau of Labor Statistics (OEWS, Employment Projections) and O*NET, used under CC BY 4.0.