Real Estate Appraiser

About the role

This is an exciting time to join the City of Richmond. The Office of the City Assessor is seeking a highly qualified Real Estate Appraiser to estimate market value of residential, small multi-family, or condominium properties using standard approaches to valuation for fair and equitable tax assessments. The position is unclassified and serves at the will of the Appointing Authority.

Responsibilities

• Understand mass appraisal fundamentals
• Appraise real property by gathering and analyzing relevant sales data
• Codify sales in CAMA with local and State codes by investigating building characteristics and verifying sale transaction data by contacting realtors
• Perform field inspections to identify, measure, and record building features for quality of construction and condition
• Research information for buildings, renovations and demolition permits
• Understand building plans and recreate buildings in CAMA system
• Balance statutory goals of equity and market values
• Understand, develop, maintain, and recreate valuation models
• With Excel, demonstrate sale ratios, COD, COV and other relevant statistical measures
• Knowledge of PowerBI and ability to manipulate a dashboard for parsing specific information
• Effectively communicate with taxpayers by explaining assessment information and process
• Make independent decisions, solve problems, and meet production deadlines
• Prepare formal assessment reports and narratives for office reviews, Board of Equalization, or circuit court
• Assist and train other appraisers
• Perform related duties as assigned

Qualifications

Knowledge, Skills, and Abilities

• Knowledge of the construction process and required components needed in construction
• Understand zoning regulations, special use permitting, and micro and macro influences on property types
• Comprehend statistical analysis and relevant accounting
• Knowledge of real estate appraisal concepts, mass appraisal process, the three approaches to value, VA code and city ordinances
• Proficient with basic appraisal instruments, equipment, and tools including GIS tools, Eagleview, financial calculators, measuring equipment, Marshall Swift cost estimator guide, and digital cameras
• Ability to use systems and software such as Multiple Listing Service (MLS), Computer Assisted Mass Appraisal (CAMA – VISION), and Microsoft Office Suite
• Operate a city vehicle and understand the rules of the road for Virginia
• Working knowledge of the interdependent relationships that exist between residential markets, neighborhoods, and commercial markets
• Ability to utilize information to make appraisal determination, identify, classify, and stratify properties by types and class
• Ability to analyze and understand market data for commercial, industrial, and multi-family properties
• Ability to evaluate real estate transactions and identify market areas
• Understands the motivations behind investors, owners, and tenants for different types of commercial real estate
• Strong written and oral communication
• Excellent customer service both internally and externally
• Ability to multi-task and handle multiple tasks simultaneously

Minimum Training and Experience

• Bachelor’s degree in real estate or related field
• Two years of journey-level professional real estate appraisal experience
• Requires professional education equivalent to IAAO Course 101, 102, 151, 300, and 311: Fundamentals of Real Property Appraisal, Income Approach to Valuation, Standards of Professional Practice and Ethics, Fundamentals of Mass Appraisals, and Residential Modeling Concepts
• An equivalent combination of training and experience (as approved by the department) may be used to meet the minimum qualifications

Preferred Qualifications

• Five or more years of professional real estate appraisal experience, or
• Three or more years of mass appraisal experience
• RES or CAE appraisal designation through the IAAO Professional Designation program
• Organized, self-motivated, and capable of working independently with minimal supervision

Licensing, Certifications, and Other Special Requirements

• Valid driver’s license with a satisfactory driving record and a valid Commonwealth of Virginia driver’s license within 30 days of hire