Property Accountant Salary

Median pay for Property Accountants in the United States lies in the neighborhood of $50K per year. In the world of Property Accountants, total cash compensation can vary between $37K and $67K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $6K and $3K, respectively. Residence and career length each impact pay for this group, with the former having the largest influence. Most Property Accountants survey respondents are women (75 percent). The majority of Property Accountants claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.

$38,672 - $66,011
(Median)
$39K
$50K
$66K
MEDIAN: $50,244
10%
50%
90%

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$14.66 - $28.63
(Median)
$15
$19
$29
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$38,672 - $66,011  
   
Bonus
$0.00 - $6,489  
Profit Sharing
$195.74 - $3,081  
Commission
$814  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$37,254 - $67,477  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 590
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$14.66 - $28.63  
   
Overtime
$18.49 - $38.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $6,489  
   
Commission
$814  
Profit Sharing
$195.74 - $3,081  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$37,254 - $67,477  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 107
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Job Description for Property Accountant

Property accountants are in charge of handling property accounting tasks for their company. They are responsible for completing sound financial analysis and balance sheet account reconciliation. In addition, they prepare regular reports (usually monthly) based on organizational objectives.

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Property Accountant Tasks

  • Reconcile balance sheets, accounts, and invoices.
  • Prepare monthly, quarterly, and ad hoc reports with variance explanations.
  • Prepare and post entries to the general ledger and manage the monthly close process.
  • Prepare and implement audit schedules and process re-engineering to reduce financial errors.

Common Career Paths for Property Accountant


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There are some Property Accountants — though it's uncommon — that transition into Senior Property Management Accountants, where earnings are an average $65K annually. A common career progression for a Property Accountant is to become a Senior Accountant or an Accounting Manager. Compared to Property Accountants, the first group earns $9K more on average, and the second group earns $10K more.

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Popular Skills for Property Accountant


Property Accountants generally report applying a varied skill set to their work. Most notably, skills in Budgeting, General Ledger Accounting, Accounting, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 12 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable and Accounts Payable. Most people skilled in Accounts Payable are similarly competent in Financial Reporting.

Pay by Experience Level for Property Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $47K, but people who have been around for five to 10 years earn a noticeably bigger sum of $54K. On average, Property Accountants make $56K following one to two decades on the job. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $49,929

Larger city markers indicate a job is popular in that location.

For those looking to make money, Property Accountants in San Francisco enjoy an exceptional pay rate, 38 percent above the national average. Property Accountants will also find cushy salaries in New York (+23 percent), Boston (+19 percent), San Diego (+13 percent), and Houston (+11 percent). Virginia Beach is home to the smallest salaries in the field, lagging the national average by 17 percent. Workers in Philadelphia and Denver earn salaries that trail the national average for those in this profession (6 percent less and 5 percent less, respectively).

Related Job Salaries

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Experience Affects Property Accountant Salaries




National Average
$50,000


Skills That Affect Property Accountant Salaries

up arrow 12%


Microsoft Excel
up arrow 4%

Accounting
up arrow 4%

Financial Analysis
up arrow 3%

Financial Reporting
up arrow 1%

National Average
$50,000



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 134 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
3%
1-4 years
48%
5-9 years
27%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 74%
medical benefits
Vision: 58%
dental benefits
None: 10%
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