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15 May 2023

Full-Time Commercial Appraiser

Olmsted County – Posted by Olmsted County Rochester, Minnesota, United States

Job Description

Minimum Qualifications of Education and Experience

*** This is a hybrid/remote work position.

Bachelor’s degree from an accredited college or university in business administration, real estate, or related field and three (3) years of experience in a similar position as listed in the work functions.
OR
Combination of education and experience equivalent to seven (7) years of experience in a similar position as listed in the work functions.

Regular and reliable attendance is a necessary component of job/position. Individuals required to use County vehicles and equipment must have a valid driver’s license and be free of any major traffic violations for the last three (3) years.

REQUIRED SPECIAL QUALIFICATIONS:
Licensure by the Minnesota State Board of Assessors as a Certified Minnesota Assessor with Income Qualification (CMA-IQ) at the time of hire, and licensure as an Accredited Minnesota Assessor (AMA) within six (6) months of hire and within five (5) years of having become licensed as a CMA or licensure as a Certified General Real Property Appraiser from the Minnesota Department of Commerce or equivalent licensing agency.

DESIRABLE QUALIFICATIONS:
Senior Accredited Minnesota Assessor (SAMA) from the Minnesota State Board of Assessors.
Designation as an IAAO Assessment Administration Specialist (AAS), Certified Assessment Evaluator (CAE), Cadastral Mapping Specialist (CMS), Personal Property Specialist (PPS), and/or Residential Evaluation Specialist (RES), or appraisal designation (MAI, SRPA, SRA, RM) from the Appraisal Institute.

Nature of Work

Under general supervision, appraises commercial, industrial, multi-family, and special use properties, including complex income-producing properties for tax assessment purposes. Performs field inspections, analyzes applicable real estate sales transactions, applies accurate sales data in the valuation process, responds to taxpayer concerns and acts as a mentor/advisor to other appraisers. Represents Olmsted County at local and County boards of Appeal and Equalization as well as Tax Court.

Examples of Work

  • Appraises commercial, industrial, apartment, complex special purpose, public utility or other property using mass appraisal statistical modeling techniques, direct capitalization and/or discounted cash flow analysis
  • Responds to complex or difficult questions and concerns from taxpayers, attorneys and tax representatives regarding the assessment process, property valuation, classification and tax calculations
  • Conducts market research by gathering data including actual income and expense rates, occupancy levels, rental rates and capitalization rates to determine potential market performance of income producing properties
  • Verifies and compiles data on all transactions of assigned properties. Verifies sales by interviewing buyers, sellers, and operators of real estate to determine their validity for inclusion in the Department of Revenue annual sales ratio study
  • Works with other appraisers on appropriate application of appraisal/assessing techniques, and provide work direction to others
  • Investigates and reviews requests for reduction of assessed valuation or change in classification. Complete review appraisals including Market and Income Proformas
  • Oversees appeal processes and presents on behalf of the County before local and County boards of appeal and equalization; prepares cases and testifies in Tax Court
  • Responsible for the litigation of tax court petitions. Handles all aspects of commercial, industrial, apartment, and special purpose property tax petitions including: reviewing compliance with income data disclosure, negotiating fair settlements with tax attorneys, preparing narrative appraisals, and defending values through testimony in Minnesota State Tax Court
  • Maintains a complete record of each complex property. Inspect land, existing and newly constructed properties to gather physical building attributes and characteristics
  • Provides information, prepares property splits, map descriptions and participates in requests for application forms

Knowledge, Skills and Abilities Required

  • Thorough knowledge of the laws, principles, methods and techniques of property appraisal
  • Knowledge of the statistical methodologies involved in the mass appraisal of commercial, industrial, apartment and special use properties, as well as, the State mandated guidelines monitoring the overall level of assessment
  • Ability to analyze factors which influence the value of property and to exercise sound judgment in determining property values
  • Ability to guide and review the work of other property appraisers
  • Ability to implement appraisal techniques with mass appraisal modeling to establish annual market valuations of all commercial, industrial, apartment and special use properties
  • Ability to perform complex, difficult and controversial property appraisal and assessment duties in an independent, effective manner
  • Ability to establish and maintain effective working relationships with real estate professionals, attorneys, local official, other employees and the public
  • Ability to communicate effectively both orally and in writing

Persons with disabilities: the above is a general listing of job duties. Essential and non-essential functions may vary by individual position. Reasonable accommodations may be available for both essential and non-essential job duties.

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How to Apply

Apply online:  https://www.governmentjobs.com/careers/olmsted/jobs/3901949/commercial-appraiser

Job Categories: Equal Opportunities. Job Types: Full-Time. Salaries: 60,000 - 80,000.

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