Appraisers and Assessors of Real Estate

Overview

Appraisers and Assessors of Real Estate has a national median salary of $67,960 per year, with +3.5% projected job growth from 2025–2035. The Bureau of Labor Statistics lists a bachelor's degree as the typical education needed to enter this occupation.

Description

Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.

Work Values

• Independence
• Support
• Working Conditions

Work Styles

Responsibilities

Tasks

• 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.
• Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
• Search public records for transactions such as sales, leases, and assessments.
• Obtain county land values and sales information about nearby properties to aid in establishment of property values.

Work Activities

• Getting Information
• Working with Computers
• Analyzing Data or Information
• Processing Information
• Documenting/Recording Information
• Interpreting the Meaning of Information for Others
• Making Decisions and Solving Problems
• Updating and Using Relevant Knowledge
• Evaluating Information to Determine Compliance with Standards
• Identifying Objects, Actions, and Events

Detailed Work Activities

• Observing, receiving, and otherwise obtaining information from all relevant sources.
• Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
• Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
• Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
• Translating or explaining what information means and how it can be used.
• Analyzing information and evaluating results to choose the best solution and solve problems.
• Keeping up-to-date technically and applying new knowledge to your job.
• Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
• Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

T-A-S-K

Technology, Abilities, Skills & Knowledge

Education

Education Levels of Current Workers

The Bureau of Labor Statistics lists a bachelor's degree as the typical education needed to enter this occupation. The chart below shows the highest level of education held by people already working in this field, ages 25 and older. It includes workers who earned more education than the job requires and workers who entered the field under earlier requirements, so the largest bar is not the entry requirement. For example, if someone finished a master's degree and then started working in this field, they are counted under “Master's degree” here, but the job itself typically asks for a bachelor's degree.

Certificates

Certifications applicable to Appraisers and Assessors of Real Estate:

Video Resources