Real Estate Appraiser III (Residential)

City of Portsmouth•Portsmouth, VA

About The Position

Under general supervision, the Real Estate Appraiser III performs technical work appraising complex residential land and buildings at fair market value within the City of Portsmouth. The position reports to the Deputy City Assessor and serves as a resource to employees and other departments on residential appraisals, sales verification, data entry, error correction, reporting, and residential values. The incumbent is an appointed team member appointed by the City Assessor and may be assigned other duties or unusual schedules during City emergencies. The position’s real estate activities are limited to the City of Portsmouth and must be within the scope of employment. The role involves on-site property investigations, valuation and market analysis, maintaining CAMA reports, preparing assessment data and reports, supporting property owners and public hearings, and assisting with assessment defenses in court. Work also includes reviewing deeds and property records, creating and modifying parcels, and providing information to the public. Frequent local travel is required.

Requirements

High school graduation or successful completion of a GED.
Eight years of appraisal experience.
Completion of IAAO Courses 101, 102, 112, 201, 300, and 311.
A Licensed Residential Appraiser License, Certified General Real Estate Appraiser License, or Certified Residential Real Estate Appraiser License, or ability to achieve one within a year, is preferred as a special requirement.
Valid driver’s license and a satisfactory driving record under the City of Portsmouth’s criteria.
Must successfully pass a background check related to the position before an offer of employment or promotion.
Must be able to travel locally frequently.
Must be physically able to operate automated office equipment and exert up to 20 pounds of force occasionally, or negligible force frequently or constantly, to move objects.
Must be able to read records and technical materials, prepare reports and correspondence, communicate effectively, perform mathematical calculations, and use office equipment.

Nice To Haves

Associate’s degree in Real Estate, Business Administration, Public Administration, or a related field of study.
IAAO Courses 400 and 402.
RES or CAE designation.
A relevant real estate appraiser license, or ability to obtain one within a year.

Responsibilities

Appraise complex residential land and residential and multifamily real estate using fair-market-value methods, manually and with a Computer Assisted Mass Appraisal (CAMA) system.
Conduct on-site residential property investigations, measure new improvements and additions, and classify and grade property to estimate market value.
Analyze market trends and help compile annual residential pricing schedules using current cost and sales information from sources such as contractors, manuals, and realtors.
Respond to property owners about appraisals and meet with owners and attorneys to explain appraisals.
Justify appraisals before the Board of Review and testify in proceedings involving real-property valuation.
Serve as a resource to employees on residential appraisals, sales validation and verification, data input, error correction, and reporting.
Answer other departments’ questions regarding residential property values in the City of Hampton.
Maintain and update CAMA reports using ArcView, Excel, or other software.
Compile data, design layouts, and generate reports for other departments and Assessment Office customers.
Analyze residential market and economic factors, including time and marketing adjustments, base rates, and component adjustments, using generally accepted methods and procedures.
Verify and review information for accuracy before Land Book entry.
Assist with income analysis by reconstructing income statements and applying direct capitalization and mortgage equity techniques.
Derive capitalization rates for different property values using market, built-up, and mortgage-equity methods supported by professional publications.
Assist in preparing and defending assessments in court; assist with public hearings, investigate complaints and discrepancies, and resolve issues.
Complete paperwork to create parcels in new or existing subdivisions and to combine, split, or void parcels.
Examine deeds to determine ownership and maintain neighborhood and other pertinent files.
Provide information to the general public and keep abreast of current and future issues and trends.
Review contractor-prepared plans as needed to ensure compliance with city codes, state regulations, and design and construction standards.
Plan and organize daily work, set priorities, meet deadlines, maintain a calendar, and follow applicable city safety and housekeeping standards.
Perform other related work as required; specific assignments are determined by the supervisor based on workload and department needs.