Appraisers of Personal and Business Property
SOC Code: 13-2022 Job Zone 4: Considerable Preparation Needed
Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.
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Prevailing Wage Levels (National)
DOL/OFLC prevailing wage thresholds for Appraisers of Personal and Business Property. Hourly rates x 2,080 = annual.
FY2027 Weighted Lottery Impact
| Level | Lottery Entries | Est. Selection Rate |
|---|---|---|
| Level I (Entry) | 1 entry | ~16% |
| Level II (Qualified) | 2 entries | ~31% |
| Level III (Experienced) | 3 entries | ~45% |
| Level IV (Expert) | 4 entries | ~61% |
Prevailing Wages by Metro Area
| Metro Area | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|
| Waterloo-Cedar Falls, IA | $48,298 | $97,739 | $147,202 | $196,643 |
| Miami-Fort Lauderdale-West Palm Beach, FL | $62,213 | $86,819 | $111,446 | $136,053 |
| San Jose-Sunnyvale-Santa Clara, CA | $79,976 | $98,384 | $116,813 | $135,221 |
| San Francisco-Oakland-Fremont, CA | $78,021 | $96,803 | $115,606 | $134,389 |
| Atlantic City-Hammonton, NJ | $50,627 | $76,606 | $102,565 | $128,544 |
| Daphne-Fairhope-Foley, AL | $41,746 | $70,158 | $98,571 | $126,984 |
| Bridgeport-Stamford-Danbury, CT | $72,675 | $90,314 | $107,952 | $125,590 |
| Vallejo, CA | $83,512 | $96,554 | $109,616 | $122,658 |
| San Luis Obispo-Paso Robles, CA | $85,030 | $97,386 | $109,762 | $122,117 |
| Des Moines-West Des Moines, IA | $51,730 | $74,672 | $97,614 | $120,557 |
Key Skills
| Skill | Importance | Level |
|---|---|---|
| Reading Comprehension | 3.9 | |
| Critical Thinking | 3.6 | |
| Writing | 3.5 | |
| Active Listening | 3.4 | |
| Speaking | 3.4 | |
| Active Learning | 3.1 | |
| Time Management | 3.0 | |
| Judgment and Decision Making | 3.0 | |
| Complex Problem Solving | 3.0 | |
| Mathematics | 2.9 |
Knowledge Areas
| Knowledge | Importance |
|---|---|
| English Language | 4.1 |
| Customer and Personal Service | 3.7 |
| Mathematics | 3.4 |
| Administrative | 3.2 |
| Administration and Management | 3.1 |
| Computers and Electronics | 3.1 |
| Economics and Accounting | 3.0 |
| Law and Government | 2.8 |
Education Requirements
| Education Level | % of Workers |
|---|---|
| Bachelor's degree | 39.1% |
| Post-secondary certificate | 17.4% |
| Associate's degree | 17.4% |
| Master's degree | 8.7% |
| Doctoral degree | 8.7% |
| First professional degree (MD, JD) | 8.7% |
Typical Tasks
- Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
- Create and maintain a database of completed appraisals.
- 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.
- Forecast the value of property.
- Inspect personal or business property.
- Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.
- Take photographs of property.
Technology Skills
Green = Hot Technology in demand
Microsoft Access Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Windows Microsoft Word Yardi software Ascend Property Assessment Bruno Realty eNeighboorhoods CPR Visual Estimator Computer assisted mass appraisal CAMA software Cost estimating software HP 49G+ Appraiser Fee Calculator Mass appraisal records system MARS
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