Senior Commercial Real Estate Appraiser (III or IV)

Keep the Appraisal Work You Love. Leave the 24/7 Grind Behind. This position performs advanced professional commercial real property appraisal work, competently and in a manner that is independent, impartial, and objective. The Appraiser 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

Appraiser III: 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. Appraiser IV: May participate heavily in and be principally responsible for assessment appeal hearings. Within these potential assignments, completes Summary Appraisal Reports (considering the three approaches to value) for higher level appeals. Acts as a principle appraiser and frequent expert witness in the support of higher level appeals such as Board of Assessment Appeals proceedings, Arbitration filings, and District Court cases. Works closely with the Appeals Deputy Assessor, Commercial Supervisor, County Assessor and County Attorney’s office in the course of these appeal processes. Acts as a principle advisor to these same parties as to the final disposition of these appeal filings. Works closely with the Commercial Appraisal Supervisor to promulgate strategies, policies and procedures for the commercial appraisal team and assessment appeals team. Participates with and may lead in the training, guidance and mentorship of appraisal staff throughout the Appraisal Division. With or without the direct assistance of management, develops and provides formal training opportunities in advanced appraisal topics for Assessor staff. Acts as an interim team manager in the absence of the Commercial Appraisal Supervisor. Acts as a principle special projects appraiser for the Assessor’s office. Ability to analyze complex assignments, provide strong and significant leadership to a delegated team, and determine and implement advanced solutions in timely and highly competent manner. Examples of projects related to this competency include but are not limited to the assumption Analyze valuation information from the three approaches to value and conclude an understandable and sound opinion of value. Utilize all available tools as applicable, such as CAMA software, Excel and other data management tools, Pictometry, GIS, Costar, and Narrative1, to perform quality control on property characteristics and develop appropriate assessments. Apply appropriate procedures and methodologies for the Income approach to value for each type of property: Collect property specific data on rental rates, vacancy, and expenses. Conduct a complete research of the market and calculate appropriate capitalization rates. Apply income, expense and cap rate information in CAMA system and in appraisal reports to calculate income approach to value. Completes all assigned sales verification tasks related to appraisal including MLS and/or Costar review; research with buyers, sellers and brokers; physical inspections of sold property; analysis of financing and market conditions surrounding the transactions; application of sale price adjustments in response to research completed, and final sale validation conclusion. Conducts property review for omitted and incorrect information, quality control reports and classification concerns. Work may include in-person and telephone interaction with property owners, their agents and public officials. Provides education and information to property owners regarding statutory requirements and assessment practices. Completes field work, data collection, and sketches on complex real estate properties. This includes both the physical inspection and blueprint review of an improvement project. Monitors project progress and percentage of completion, including shell and any interior finish. Identifies all building characteristics per Marshall Valuation guidelines, applies cost, market and income models, calculates and applies property assessments including final reconciliation of value. Completes field work and data collection for vacant land. This includes subdivision infrastructure, agricultural and other uses, zoning and highest and best use analysis, and land attributes. Creates, maintains, analyzes and values land economic areas, including the application of present worth discounting methodology, land market model development and application, and final reconciliation of value. EDUCATION and/or EXPERIENCE Appraiser III: 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. Has completed the minimum education requirements set forth by the State of Colorado for an Ad Valorem Appraiser license. Preferred is the completion of appraisal qualifying education (QE) required for the Certified General Appraisal License. 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. Appraiser IV: 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 or architecture, OR equivalent. Has fulfilled the qualifying educational requirements set by the the Colorado Board of Real Estate Appraisers for a Certified General Appraiser license. The ability to meet continuing education requirements set by the State of Colorado CBOREA, Division of Property Taxation and the Douglas County Assessor’s Office. Has completed the minimum educational requirements set forth by the State of Colorado for an Ad Valorem Appraiser license Ten years of professional appraisal experience in private and/or public sector, including significant direct ad valorem experience, and advanced knowledge of real estate principles, practices and markets.

CERTIFICATES, LICENSES, AND REGISTRATIONS

Appraiser III: Must possess a valid Colorado Driver’s License upon hire, with complying insurance. Review of motor vehicle record is required at time of hire and #J-18808-Ljbffr Douglas County Government (CO)