Appraisers and Assessors of Real Estate
SOC Code: 13-2023 Job Zone 4: Considerable Preparation Needed
Appraise real estate, exclusively, and estimate its fair value. May assess taxes in accordance with prescribed schedules.
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Prevailing Wage Levels (National)
DOL/OFLC prevailing wage thresholds for Appraisers and Assessors of Real Estate. 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 | 3.6 | |
| Critical Thinking | 3.5 | |
| Active Listening | 3.5 | |
| Writing | 3.4 | |
| Speaking | 3.4 | |
| Complex Problem Solving | 3.1 | |
| Judgment and Decision Making | 3.0 | |
| Coordination | 2.9 | |
| Monitoring | 2.9 | |
| Active Learning | 2.8 |
Knowledge Areas
| Knowledge | Importance |
|---|---|
| English Language | 4.0 |
| Mathematics | 3.8 |
| Building and Construction | 3.8 |
| Customer and Personal Service | 3.5 |
| Computers and Electronics | 3.5 |
| Economics and Accounting | 3.5 |
| Administration and Management | 3.4 |
| Law and Government | 3.3 |
Education Requirements
| Education Level | % of Workers |
|---|---|
| Bachelor's degree | 54.5% |
| Associate's degree | 27.3% |
| Post-secondary certificate | 9.1% |
| High school diploma | 4.5% |
| Some college | 4.5% |
Typical Tasks
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
- Inspect new construction and major improvements to existing structures to determine values.
- Collect and analyze relevant data to identify real estate market trends.
- Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.
- Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.
- Conduct regular reviews of property within jurisdictions to determine changes in property due to construction or demolition.
- Examine income records and operating costs of income properties.
Technology Skills
Green = Hot Technology in demand
Apple iOS Google Workspace software Microsoft Access Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Windows Microsoft Word Yardi software ACI Appraiser's Choice Apex IV Assessor Apex IV Fee Appraiser Apex MobileSketch Ascend Property Assessment
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