Appraisers of Personal and Business Property: Career Overview
Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment. May also appraise land.
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What Tasks Do Appraisers of Personal and Business Property Do?
The core tasks performed by appraisers of personal and business property cover:
- Write descriptions of the property being appraised.
- Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.
- Document physical characteristics of property such as measurements, quality, and design.
- Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.
- Locate and record data on sales of comparable property using specialized software, internet searches, or personal records.
- Write and submit appraisal reports for property, such as jewelry, art, antiques, collectibles, and equipment.
- Inspect personal or business property.
- Create and maintain a database of completed appraisals.
What Appraisers of Personal and Business Property Need to Know
Successful appraisers of personal and business property draw on a mix of skills and domain knowledge.
Key Skills
The abilities that matter most in this role, rated on an importance scale of 0 to 5:
Knowledge Areas
Other Appraisers of Personal and Business Property Job Titles
People in this occupation may also be known by titles such as:
- Accredited Appraiser
- Aircraft Appraiser
- Appraiser
- Appraiser Analyst
- Art Appraiser
- Certified Appraiser
- Certified Commercial Appraiser
- Commercial Appraiser
How Many Appraisers of Personal and Business Property Are There?
The U.S. employs around 754,314 appraisers of personal and business property working in the United States today. This occupation is expected to grow by +8.0% over the projection horizon.
Salary for Appraisers of Personal and Business Property
| Statistic | Value |
|---|---|
| Annual median | $118,242 |
| Hourly median | $56.85 |
| 10th percentile | $81,024 |
| 25th percentile | $99,633 |
| 75th percentile | $136,851 |
| 90th percentile | $155,459 |
Wages vary widely based on experience, location, and industry.
Tools and Technology
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Operating system software: Microsoft Windows (hot technology)
- Word processing software: Microsoft Word (hot technology)
- Data base user interface and query software: Yardi software (hot technology)
The Day-to-Day Environment
Daily working conditions for appraisers of personal and business property tends to involve the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Determine Tasks, Priorities and Goals
- Freedom to Make Decisions
Education and Training
Typical appraisers of personal and business property positions require a bachelor’s degree as the typical entry-level education. The role falls in Considerable Preparation Needed (Job Zone 4), signaling the level of preparation typically expected.
Related Careers
Similar Occupations
- Property, Real Estate, and Community Association Managers (Primary-Long)
- Wholesale and Retail Buyers, Except Farm Products (Primary-Short)
- Purchasing Agents, Except Wholesale, Retail, and Farm Products (Supplemental)
- Insurance Appraisers, Auto Damage (Primary-Short)
- Government Property Inspectors and Investigators (Primary-Long)
- Cost Estimators (Primary-Long)
- Accountants and Auditors (Supplemental)
- Appraisers and Assessors of Real Estate (Primary-Short)
Degree Programs
Future appraisers of personal and business property typically earn programs in:
Business, Management, Marketing, and Related Support Services
8 programs across 6 majors
Visual and Performing Arts
1 programs across 1 majors
Sources
This profile draws on the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 13-2022.00 (Appraisers of Personal and Business Property).
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