Appraisers of Personal and Business Property

Overview

Appraisers of Personal and Business Property 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 and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.

Responsibilities

Tasks

• Write descriptions of the property being appraised.
• Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.
• Document physical characteristics of property such as measurements, quality, and design.
• Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
• Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.

Work Activities

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

Detailed Work Activities

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

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 of Personal and Business Property:

Video Resources