Real Estate Appraiser/Assessor Salary
Job Description for Real Estate Appraiser/Assessor
Many factors are considered when determining the worth of particular pieces of property, including location, condition, and the property's intended use. Real estate appraisers/assessors are responsible for assessing the value of properties and making sound judgements of their worth.Read More...
One way real estate appraisers determine a property's value is by conducting field tests which involve close measurements of the actual property. Another way is by collecting a variety of data, such as financial records, tax records, and records of previous owners, which must be combined and analyzed to make an accurate assessment.
A bachelor's degree in a real estate field and certification or licensing from the government are generally required for this position, and prior experience in the industry is highly beneficial. There are also several computer programs which must be used to view and create records for assessed properties, such as Microsoft Excel and Microsoft Access.
Real Estate Appraiser/Assessor Tasks
- Investigate to figure out the value of property and the amount of taxes the owners owe.
- Identify the owners of property and notify them of assessed property values and taxes.
- Conduct inspections of properties and maintain a database of gathered information.
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Pay by Experience Level for Real Estate Appraiser/Assessor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Real Estate Appraisers and Assessors. Relatively untried employees who have less than five years' experience make $36K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $48K. After working for 10 to 20 years, Real Estate Appraisers and Assessors make a median salary of $52K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $67K on average.
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