04 | APPRAISING PROPERTY
This Knowledge Area includes skills related to discovering property, developing and reporting property value, mass appraisal and single property appraisal, using the three approaches to value, land valuation, and value reconciliation, while considering specific property types.
This Knowledge Area includes skills related to discovering property, developing and reporting property value, mass appraisal and single property appraisal, using the three approaches to value, land valuation, and value reconciliation, while considering specific property types.
This knowledge area is the core of the Body of Knowledge. Proficiency in this area gives you the foundational skills that enable you to plan and perform appraisals. Proficiency in this KA is a stepping stone toward four of the six IAAO designations: Certified Assessment Evaluator (CAE), Residential Evaluation Specialist (RES), Mass Appraisal Specialist (MAS), and Personal Property Specialist (PPS).
Roles & Tasks
Proficiency in this knowledge area will help people in these roles perform the indicated tasks.
Entry Level Appraiser
Appraiser-Real Estate &
Appraiser-Personal Property
Appraiser Supervisor
Assessment Administrator
CAMA Systems Modeler/Statistician
State Regulator
Proficiency in this knowledge area will help people in these roles perform the indicated tasks.
Entry Level Appraiser
- Make field and office appraisals of less complex residential and commercial property after undergoing sufficient training under close supervision
- Make calculations and apply results to appraisals of specific buildings
Appraiser-Real Estate &
Appraiser-Personal Property
- Make field and office appraisal of more difficult and complex residential, commercial, industrial, special purpose, and vacant properties
Appraiser Supervisor
- Supervise a unit engaged in the appraisal of residential, commercial, industrial, special-purpose, and vacant properties within an assigned geographic area
Assessment Administrator
- Ensure the timely and accurate assessment of all real and personal property in the jurisdiction
CAMA Systems Modeler/Statistician
- Develop and maintain valuation models for all three approaches to value
- Develop and perform ratio studies on all identified market areas in the jurisdiction
State Regulator
- Assist and counsel local assessors and other property tax officials
RESOURCES
The Body of Knowledge
Standard on Mass Appraisal of Real Property
Standard on Ratio Studies
Personal Property
Property Assessment Valuation
Fundamentals of Mass Appraisal
An Introduction to the Sales Comparison Approach to Value - Online Course
An Introduction to the Income Approach to Value - Online Course
An Introduction to the Cost Approach to Value - Online Course
Mass Appraisal of Residential Property - Online Course
Course 101 - Fundamentals of Real Property Appraisal
Course 102 - Income Approach to Valuation
Course 300 - Fundamentals of Mass Appraisal
Course 500 - Assessment of Personal Property
Course 501 - Personal Property Auditing - Basic to Advanced
The Body of Knowledge
Standard on Mass Appraisal of Real Property
Standard on Ratio Studies
Personal Property
Property Assessment Valuation
Fundamentals of Mass Appraisal
An Introduction to the Sales Comparison Approach to Value - Online Course
An Introduction to the Income Approach to Value - Online Course
An Introduction to the Cost Approach to Value - Online Course
Mass Appraisal of Residential Property - Online Course
Course 101 - Fundamentals of Real Property Appraisal
Course 102 - Income Approach to Valuation
Course 300 - Fundamentals of Mass Appraisal
Course 500 - Assessment of Personal Property
Course 501 - Personal Property Auditing - Basic to Advanced
