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?
Typical responsibilities of appraisers of personal and business property include:
- 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
Effective appraisers of personal and business property draw on a mix of skills and domain knowledge.
Top Skills
These are the skills that matter most in this role, rated on an importance scale of 0 to 5:
Top Knowledge Areas
Other Appraisers of Personal and Business Property Job Titles
Common job titles for this role include:
- Accredited Appraiser
- Aircraft Appraiser
- Appraiser
- Appraiser Analyst
- Art Appraiser
- Certified Appraiser
- Certified Commercial Appraiser
- Commercial Appraiser
Employment and Demand
There are about 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.
How Much Do Appraisers of Personal and Business Property Make?
| 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 |
Compensation varies 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)
Work Environment
The work environment for appraisers of personal and business property reflects the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Determine Tasks, Priorities and Goals
- Freedom to Make Decisions
Getting Started in This Career
Typical appraisers of personal and business property positions require a bachelor’s degree as the typical entry-level education. This occupation sits 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)
Top Programs to Study For This Career
Future appraisers of personal and business property often complete programs in:
Business, Management, Marketing, and Related Support Services
8 programs across 6 majors
Visual and Performing Arts
1 programs across 1 majors
About the Data
Statistics shown above are sourced from 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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