Valuation supervisors determine the fair value of real estate for tax purposes and may need certification and experience in the real estate field. Requirements and election/appointment processes vary by region. Qualifications may include a short course in property appraisal and valuation, knowledge of tax laws and accounting practices, and experience as a business owner or public figure.
A valuation supervisor, who handles property valuation for a region, may need to be certified and typically needs experience in the real estate field. It can be an elected or appointed position, depending on regional policies. The precise requirements for becoming a review supervisor can also vary by region, as individual governments can set their own standards. You may need to be able to travel for work, personally visit properties subject to review by the valuer’s office.
This work typically involves determining the fair value of real estate for tax purposes. Value revisions can be triggered when properties change hands or at the specific request of owners. The valuation supervisor can review the property and any relevant records, consider current market conditions and develop a reasonable estimate. If the owner considers the assessed value to be unfair, the owner may choose to appeal.
In regions where a supervisor of appraisals needs qualifications, this usually includes a short course in property appraisal and valuation. Some people in this position are from the real estate industry and may qualify as real estate agents or brokers, although this is not required to become a supervisor of appraisals. Knowledge of tax laws and accounting practices can also be helpful. Valuation supervisors do not set tax rates, but they do need to understand the different rates that may apply and the problems that can arise when valuing properties.
For elected officials, running a successful campaign to become a review supervisor can involve several steps. It is important to build a network to generate community interest and support. Having experience as a business owner or other public figure can be helpful, although not always necessary. The campaign includes opportunities to deliver messages to audience members. Someone who wants to become a review supervisor can discuss topics such as reviewing practices in the reviewer’s office to simplify it and offer better benefits to members of the public.
If the position is a compromise, a member of the public who wants to become a review supervisor must express an interest in the appropriate staff. This could include city council members or county supervisors. These employees can review qualifications and recommend people for the position when it becomes available. It may be necessary to go through an interview process to demonstrate competence and provide proof of qualifications. Employees can vote who should become the review supervisor.
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