Real Estate Appraiser

City of Richmond•Richmond, VA

5d•Onsite

About The Position

The City of Richmond Office of the City Assessor is seeking highly qualified candidates for the position of Real Estate Appraiser. The selected candidate is responsible for estimating market value of residential, small multi-family, or condominium properties, utilizing the standard approaches to valuation for the purpose of generating fair and equitable tax assessments. This recruitment is for a position which is unclassified. Therefore, the successful candidate will serve at the will of the Appointing Authority.

Requirements

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.
Comprehends 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.
Skills 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 & multi-family properties.
Ability to evaluate real estate transactions, identify market areas.
Understands the motivations behind investors, owners, and tenants for different types of commercial real estate.
A strong written and oral communication, excellent customer service both internally and externally, and has the ability to multi-task and handle multiple tasks at the same time.
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 of the classification.
Valid driver's license with a satisfactory driving record and a valid Commonwealth of Virginia driver's license within 30 days of hire.

Nice To Haves

Five (5) years or more of professional real estate appraisal experience, (or) Three (3) years or more of mass appraisal experience
RES or CAE appraisal designation through the IAAO Professional Designation program.
Organized, self-motivated, and be capable of working independently with minimal supervision

Responsibilities

Estimating market value of residential, small multi-family, or condominium properties, utilizing the standard approaches to valuation for the purpose of generating fair and equitable tax assessments.
Understanding mass appraisal fundamentals
Appraising real property by gathering and analyzing all relevant sales data
Codifying sales in CAMA with local and State codes by investigating building characteristics and verifying sale transaction data by contacting realtors
Performing field inspections to identify, measure, and record building features for quality of construction and condition
Researching information for buildings, renovations and demolition permits
Understanding building plans and recreating buildings in CAMA system
Balancing statutory goals of equity and market values
Understanding, developing, maintaining, and recreating valuation models
With Excel, demonstrate sale ratios, COD, COV and other relevant statistical measures
Has knowledge of PowerBI and can manipulate a dashboard for parsing specific information
Effectively communicates with taxpayers by explaining assessment information and process
Making independent decisions, solving problems, and meeting production deadlines
Preparing formal assessment reports and narratives for office reviews, Board of Equalization, or circuit court
Assisting and training other appraisers
Performing related duties as assigned