DETAILED OCCUPATION DATA
13-2021 Appraisers and Assessors of Real Estate
Occupational Description:
Appraise real property and estimate its fair value. May assess taxes in accordance with prescribed schedules.| Percentiles | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Geography | Employment | Emp SE* | Mean | Mean SE* | 10th | 25th | Median | 75th | 90th |
| EDR 7E- East Central | 20 | 1 | $25.72/hr | $0.89/hr | $19.14/hr | $21.06/hr | $24.66/hr | $28.71/hr | $36.81/hr |
| Minnesota | 1,950 | 240 | $27.00/hr | $1.13/hr | $16.79/hr | $20.60/hr | $24.61/hr | $32.26/hr | $40.19/hr |
| U S | 59,530 | 1,369 | $26.80/hr | $0.32/hr | $12.56/hr | $17.21/hr | $24.06/hr | $33.91/hr | $44.54/hr |
| *SE = Standard error, a measure of the statistical reliability of the estimate. | |||||||||
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| Occupation (click title for details) | OES | Projections | |
|---|---|---|---|
| Employment | Median Wage | % Change - | |
| Customer Service Representatives | 420 | $15.82/hr | N/A |
| Compliance Officers, Except Agriculture, Construction, Health and Safety, and Transportation | 30 | $26.95/hr | N/A |
| Credit Analysts | 10 | $23.73/hr | N/A |
| Actuaries | N/A | N/A | N/A |
| Claims Adjusters, Examiners, and Investigators | N/A | N/A | N/A |
| Insurance Underwriters | N/A | N/A | N/A |
| Tax Examiners, Collectors, and Revenue Agents | N/A | N/A | N/A |
Tasks for Appraisers and Assessors of Real Estate
- Appraises real and personal property, such as aircraft, marine craft, buildings, and land to determine fair value.
- Inspects property, considering factors such as market value, location, and building or replacement costs, to determine appraisal value.
- Writes and submits appraisal and tax reports for public record.
- Interprets property laws, formulates operational policies, and directs assessment office activities.
- Assesses and computes taxes according to prescribed tax tables and schedules.
- Considers such factors as depreciation, value comparison of similar property, and income potential, when computing final estimation of property value.
- Photographs interiors and exteriors of property to assist in estimating property value, to substantiate finding, and to complete appraisal report.
- Inspects property for construction, condition, and functional design and takes property measurements.
- Interviews persons familiar with property and immediate surroundings, such as contractors, home owners, and other realtors to obtain pertinent information.
- Searches public records for transactions, such as sales, leases, and assessments.
- Prepares written report, utilizing data collected, and submits report to corroborate value established.
- Considers location and trends or impending changes that could influence future value of property.