JOB TITLE: REAL ESTATE VALUATION ANALYST

JOB CODE: 03820

SERIES NATURE OF WORK: The Real Estate Valuation series describes work in the examination of real estate assessment records to determine the aggregate market value of taxable real property.

DEFINITION: This is technical field work auditing and evaluating real estate assessment data and conducting real estate market studies to ensure the most accurate assessment base is calculated for each municipality.

An employee in this job is responsible for determining and reporting yearly variances in all real estate assessments in an assigned geographic district to establish fair market representation to be used for subsidies calculations and other agency funding. Work involves examining tax incentive programs to determine the accuracy of the base assessment used for calculating fair market value. Work may include participating in special projects with other agencies to determine fair market value for state owned properties or overseeing small teams from other agencies performing this work. Work is performed independently within established regulations, policies, procedures, and standards, and reports are reviewed by a supervisor and members of the State Tax Equalization Board.

EXAMPLES OF WORK: (NOTE: The examples of work are representative of the work, but every position classified to this job may not perform all examples of work listed. Conversely, this is not an all-inclusive list of work examples.)

• Determines the amount and cause for variance of real estate assessments from year to year.

• Determines the quality of assessments by evaluating market value factors to include base period of construction costs and depreciation and obsolescence policies.

• Evaluates assessment records and prepares comprehensive reports on property assessments, investigations, and surveys.

• Maintains an inventory of all parcels enrolled in tax incentive programs.

• Investigates sales of property to determine if sale prices indicate fair market value.

• Classifies real estate in the categories of residential, industrial, commercial, and agricultural properties or lots.

• Audits taxable and non-taxable real estate totals and makes appropriate adjustments to certified assessed values.

• Operates motor vehicles.

• Performs related work as required.

ENTRY LEVEL KNOWLEDGES, SKILLS, AND ABILITIES:

• Knowledge of valuation techniques and factors.

• Knowledge of tax assessment methods and procedures.

• Knowledge of the common legal records, practices, and terminology used in real estate work.

• Knowledge of the use and functionality of Microsoft Office Suite software.

• Ability to apply critical thinking skills to identify and resolve problems.

• Ability to analyze written and numerical information.

• Ability to interpret and apply regulations, policies, and procedures.

• Ability to perform mathematical calculations.

• Ability to communicate effectively in writing.

• Ability to communicate effectively orally.

• Ability to establish and maintain effective working relationships.

FULL PERFORMANCE KNOWLEDGES, SKILLS, AND ABILITIES: (NOTE: These are expected of an employee performing the work of this job at the full performance level. These are not used for merit system evaluation or examination purposes and are not position-specific performance standards.)

• Knowledge of State Tax Equalization policies and procedures.

MINIMUM EXPERIENCE AND TRAINING: (NOTE: Based on the Entry Level Knowledges, Skills, and Abilities)

• Two years of experience in county assessment, property appraisal, real estate sales, or title examination work;

or

• An equivalent combination of experience and training.

SPECIAL REQUIREMENTS:

• All positions require possession of an active Certified Pennsylvania Evaluator certification.

• All positions require possession of an active motor vehicle license.