Commercial Appraiser III

Douglas County is hiring a Commercial Appraiser III. This 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. View the full job description here ESSENTIAL DUTIES AND RESPONSIBILITIES: (The following examples are illustrative only and are not intended to be all inclusive. The Assessor reserves the right to modify or change the duties or essential functions of this job at any time.) 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.