Low to No Risk

19

Moderate Risk

2

High Risk

8

Extreme Risk

1

• 2.2Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
• 2Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
• 2.4Inspect new construction and major improvements to existing structures to determine values.
• 2.7Collect and analyze relevant data to identify real estate market trends.
• 0.5Explain assessed values to property owners and defend appealed assessments at public hearings.
• 1.5Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
• 1.5Explain real and personal property taxes to property owners.
• 2Conduct regular reviews of property within jurisdictions to determine changes in property due to construction or demolition.
• 1.5Establish uniform and equitable systems for assessing all classes and kinds of property.
• 1.8Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.
• 1.6Maintain familiarity with aspects of local real estate markets.
• 2Check building codes and zoning bylaws to determine any effects on the properties being appraised.
• 1.1Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.
• 2.5Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.
• 2.2Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.
• 2.3Estimate building replacement costs, using building valuation manuals and professional cost estimators.
• 2.5Draw land diagrams to be used in appraisal reports to support findings.
• 0.5Testify in court as to the value of a piece of real estate property.
• 2Determine taxability of properties, using methods such as field inspection, structural measurement, calculation, sales analysis, market trend studies, and income and expense analysis.

33.3% of Appraisers and Assessors of Real Estate tasks can be automated with AI or robotics