![]() ![]() During the entire process, appraisers record their research, observations, and methods used in providing an estimate of the property’s value.Īssessors value properties for property tax assessments. After visiting the property, the appraiser analyzes the property relative to comparable home sales, including lease records, location, view, previous appraisals, and income potential. Appraisers photograph the outside of the building and some of the interior features to document its condition. They also consider the overall condition of a building, including its foundation and roof or any renovations that may have been done. When evaluating a property's value, appraisers note the characteristics of the property and surrounding area, such as a view or noisy highway nearby. They only appraise properties that house one to four units. Residential appraisers focus on appraising properties in which people live, such as single unit homes and condominiums.Commercial appraisers specialize in income-producing properties, such as office buildings, stores, and hotels.Prepare and maintain current data on each real estate propertyĪppraisers and assessors work in localities that they are familiar with so that they know any environmental or other concerns that may affect the property's value.Īppraisers typically value one property at a time, and they often specialize in a certain type of real estate:.Prepare written reports on the property values.Analyze “comparables,” or similar nearby properties, to help provide values.Photograph the interior and exterior of properties.Inspect new and existing properties, noting the characteristics.Verify legal descriptions of real estate properties in public records.DutiesĪppraisers and assessors of real estate typically do the following: ![]() Currently, there are limited education and training opportunities available to produce competent people for implementation of the MPRA.Appraisers and assessors of real estate provide a value estimate on land and buildings usually before they are sold, mortgaged, taxed, insured, or developed. Rationale: The country implemented the Municipal Property Rates Act (MPRA) - that necessitates specialised skills and competencies in municipalities for effective implementation and compliance to the MPRA. Monitor and maintain MPRA data/information integrity (Quality assurance (QA) process). Provide support to the municipality and/or Municipal Valuer. Determine the market value of a single residential property. Monitor compliance to and coordinate the implementation of the MPRA within a municipality. The MPA operates in metropolitan and local municipalities. They coordinate the implementation of the Municipal Property Rates Act (MPRA) in order to ensure compliance, collect data on properties determine the market value of a single residential property and maintain the integrity of data within a municipality, in so far as rating interface related matters are concerned. ![]() A Municipal Property Assessor (MPA) provides a number of services and support services within a municipality. The purpose of this qualification is to prepare a learner to operate as a Municipal Property Assessor. ![]()
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