Appraiser III - Commercial
GovernmentJobs.com, Castle Rock, CO, United States
Appraiser III
This position performs advanced professional commercial real property appraisal work, competently and in a manner that is independent, impartial, and objective. The Appraiser III position is expected to possess significant, independent and direct experience in the valuation of complex real property such improved commercial and industrial real estate, including a comprehensive knowledge of the three approaches to value. Essential duties and responsibilities include: Completes field inspections, measurements, property data collection, and sketches for commercial and industrial properties, including both the physical inspection and blueprint review of a project. Monitors project progress and percentage of completion, including core and shell construction and tenant finish. Once structures reach full completion, identifies all characteristics per Marshall Valuation manual, applies Cost, Market and Income models, and reconciles property value. Completes field work and input for commercial and industrial vacant land. Conducts field inspections for identifying subdivision infrastructure, agricultural use, and land attributes. Maintains existing land valuation models, recognizes the need for new models, and creates them according to appropriate stratification. Applies appropriate subdivision discounting methodology annually per Division of Property Taxation (DPT) guidelines. Participates in County Board of Equalization hearings; completes Value Data Summaries for submission, utilizing the three approaches to value, for CBOE appeals and Abatements. Completes Assessor Protest appeal assignments during annual appeal season, including responding to inquiries, analyzing applied valuation models and interpreting petitioner submissions such as operating statements, comparable sales and other information. Acts as an expert witness in the defense and support of such appeals including Abatements, Boards of Assessment Appeals, Arbitrations, and District Court cases. Works closely with the Appeals Administrator, Commercial Appraisal Supervisor, Assessor Administration, and County Attorney's Office during the appeals process. Composes USPAP compliant Standard 1 Appraisal Reports in preparation of litigation for certain high-level appeals. Acts as an advisor to these same parties as to the final disposition of appeals. Completes sales verification including Costar review; research with buyers, sellers, brokers and other market participants; performs field reviews, sale validation and input into the Assessor's Computer Assisted Mass Appraisal (CAMA) system and spreadsheets. Conducts property reviews for omitted and incorrect information, quality control reports and classification concerns. Work may include in-person and telephone interaction with property owners and their agents. Provides education and information to property owners regarding statutory requirements, state regulations and assessment processes. Applies appropriate procedures and methodologies for the Income approach to value for each type of property: Collects property specific data on rental rates, vacancy, and expenses. Conducts a complete research of the market and calculates appropriate capitalization rates. Applies income, expense and cap rate information in CAMA system to calculate income approach value. Analyzes valuation information from the three approaches to value and concludes an understandable and sound opinion of value. Generates and reviews quality assurance reports within CAMA system "canned" reports. Utilizes all available tools such as CAMA software, Excel, Pictometry, GIS, CoStar, and MLS to perform quality control on property characteristics and develop values. Researches and analyzes complex appraisal topics as they pertain to the valuation of commercial properties. Analyzes property sales and income and expense information extracted from the market and derives models by property type, age, location and class. Performs other duties as assigned. Supervision received: Under light supervision, within a standardized work situation, the employee performs duties common to the line of work without close supervision or detailed instruction. Work product is subject to intermittent review but is expected to be correct and competent without direct assistance. Supervisory responsibilities: This position does not directly supervise other employees, but does provide training, coaching and guidance in some areas under some circumstances. Consequence of error: Consequence of error may result in the incorrect assessment of property value resulting in loss of revenue to the county, or inequity to the taxpayer. Incorrect property values carry the added expense of defending values at all levels of appeal. Inaccurate property values adversely impact public perception of local government. As an advanced appraisal position, incorrect advice or guidance given to lower level staff could result in broader errors beyond the scope of work of the individual. Independent judgment: Apply independent judgment to tasks based on knowledge, training, and experience. Contacts: This position has daily contact with co-workers, supervisors and regular substantial contact with property owners, tax agents, realtors, developers, builders, appeal referees, arbitrators, municipal building and planning departments, and Division of Property Taxation staff. Minimum qualification requirements: Education: A bachelor's degree from an accredited university in a field related to real estate, such as business, finance, accounting, real estate, planning, engineering, construction, architecture, or a related field. An extensive and graduated professional employment record with significant experience in commercial real estate appraisal may substitute for part of this education requirement. Experience: Four or more years of professional appraisal experience in private and/or public sector, including ad valorem experience, and advanced knowledge of real estate principles, procedures and markets. In the absence of direct ad valorem appraisal experience the candidate may have significant commercial appraisal experience in the private sector including possession of a Certified General Appraisal License. Skills: Understanding of computer software, including Computer Assisted Mass Appraisal applications, Microsoft Office applications, file management, cloud data storage, document management, internet and email use. Significant expertise in the use of Microsoft Excel is expected. Abilities: Sets well-defined and realistic individual goals, displays a high level of initiative, effort and commitment towards completing assignments in a timely, accurate manner; is motivated to achieve; demonstrates responsible behavior. Integrity / Honesty: Contributes to maintaining the integrity of the organization; displays high standards of ethical conduct and understands the impact of violating these standards on an organization, self and others; is trustworthy.
This position performs advanced professional commercial real property appraisal work, competently and in a manner that is independent, impartial, and objective. The Appraiser III position is expected to possess significant, independent and direct experience in the valuation of complex real property such improved commercial and industrial real estate, including a comprehensive knowledge of the three approaches to value. Essential duties and responsibilities include: Completes field inspections, measurements, property data collection, and sketches for commercial and industrial properties, including both the physical inspection and blueprint review of a project. Monitors project progress and percentage of completion, including core and shell construction and tenant finish. Once structures reach full completion, identifies all characteristics per Marshall Valuation manual, applies Cost, Market and Income models, and reconciles property value. Completes field work and input for commercial and industrial vacant land. Conducts field inspections for identifying subdivision infrastructure, agricultural use, and land attributes. Maintains existing land valuation models, recognizes the need for new models, and creates them according to appropriate stratification. Applies appropriate subdivision discounting methodology annually per Division of Property Taxation (DPT) guidelines. Participates in County Board of Equalization hearings; completes Value Data Summaries for submission, utilizing the three approaches to value, for CBOE appeals and Abatements. Completes Assessor Protest appeal assignments during annual appeal season, including responding to inquiries, analyzing applied valuation models and interpreting petitioner submissions such as operating statements, comparable sales and other information. Acts as an expert witness in the defense and support of such appeals including Abatements, Boards of Assessment Appeals, Arbitrations, and District Court cases. Works closely with the Appeals Administrator, Commercial Appraisal Supervisor, Assessor Administration, and County Attorney's Office during the appeals process. Composes USPAP compliant Standard 1 Appraisal Reports in preparation of litigation for certain high-level appeals. Acts as an advisor to these same parties as to the final disposition of appeals. Completes sales verification including Costar review; research with buyers, sellers, brokers and other market participants; performs field reviews, sale validation and input into the Assessor's Computer Assisted Mass Appraisal (CAMA) system and spreadsheets. Conducts property reviews for omitted and incorrect information, quality control reports and classification concerns. Work may include in-person and telephone interaction with property owners and their agents. Provides education and information to property owners regarding statutory requirements, state regulations and assessment processes. Applies appropriate procedures and methodologies for the Income approach to value for each type of property: Collects property specific data on rental rates, vacancy, and expenses. Conducts a complete research of the market and calculates appropriate capitalization rates. Applies income, expense and cap rate information in CAMA system to calculate income approach value. Analyzes valuation information from the three approaches to value and concludes an understandable and sound opinion of value. Generates and reviews quality assurance reports within CAMA system "canned" reports. Utilizes all available tools such as CAMA software, Excel, Pictometry, GIS, CoStar, and MLS to perform quality control on property characteristics and develop values. Researches and analyzes complex appraisal topics as they pertain to the valuation of commercial properties. Analyzes property sales and income and expense information extracted from the market and derives models by property type, age, location and class. Performs other duties as assigned. Supervision received: Under light supervision, within a standardized work situation, the employee performs duties common to the line of work without close supervision or detailed instruction. Work product is subject to intermittent review but is expected to be correct and competent without direct assistance. Supervisory responsibilities: This position does not directly supervise other employees, but does provide training, coaching and guidance in some areas under some circumstances. Consequence of error: Consequence of error may result in the incorrect assessment of property value resulting in loss of revenue to the county, or inequity to the taxpayer. Incorrect property values carry the added expense of defending values at all levels of appeal. Inaccurate property values adversely impact public perception of local government. As an advanced appraisal position, incorrect advice or guidance given to lower level staff could result in broader errors beyond the scope of work of the individual. Independent judgment: Apply independent judgment to tasks based on knowledge, training, and experience. Contacts: This position has daily contact with co-workers, supervisors and regular substantial contact with property owners, tax agents, realtors, developers, builders, appeal referees, arbitrators, municipal building and planning departments, and Division of Property Taxation staff. Minimum qualification requirements: Education: A bachelor's degree from an accredited university in a field related to real estate, such as business, finance, accounting, real estate, planning, engineering, construction, architecture, or a related field. An extensive and graduated professional employment record with significant experience in commercial real estate appraisal may substitute for part of this education requirement. Experience: Four or more years of professional appraisal experience in private and/or public sector, including ad valorem experience, and advanced knowledge of real estate principles, procedures and markets. In the absence of direct ad valorem appraisal experience the candidate may have significant commercial appraisal experience in the private sector including possession of a Certified General Appraisal License. Skills: Understanding of computer software, including Computer Assisted Mass Appraisal applications, Microsoft Office applications, file management, cloud data storage, document management, internet and email use. Significant expertise in the use of Microsoft Excel is expected. Abilities: Sets well-defined and realistic individual goals, displays a high level of initiative, effort and commitment towards completing assignments in a timely, accurate manner; is motivated to achieve; demonstrates responsible behavior. Integrity / Honesty: Contributes to maintaining the integrity of the organization; displays high standards of ethical conduct and understands the impact of violating these standards on an organization, self and others; is trustworthy.