Assessors perform some, or all of the following duties:
- Assess value of land, building, structures, machinery, equipment and property improvements for purposes of taxation, grants and regional planning.
Classify the property by type, and determine the taxable status of the property.
- Review and analyze data such as past sales, title searches, engineering and alignment maps, soil maps, subdivision plans, water and sewer plans, leasing cost data and easements.
- Advise and consul in a specific field of assessment such as residential, commercial, industrial, institutional, or farm lands.
- Collect and analyze financial records of a business, such as financial statements, budgets, projections and sales data, to assess its competitiveness or to estimate its market value.
- Appear as an expert witness before courts, security regulators and other regulatory boards and commissions.
Explain the assessment process to ratepayers.
Who Employs Real Property Assessors?
Assessors may be employed by government agencies, real estate firms and other private companies; or they may be self-employed.
What Education is Required?
Property assessment and appraisal are multidisciplinary vocations centered on the study and valuation of land, businesses, estates and other real property for the purpose of ad valorem taxation.
Both mass appraisal and real property assessment require specialized skills in valuation, in addition to focused study in finance, urban land economics, real property law, statistics, and building construction.
The educational requirements for AAOM accreditation reflect current industry standards for real property appraisal.
What distinguishes Real Property Assessment as a profession?
To become an accredited assessor in Manitoba, a combination of experience, education, and adherence to a professional code of conduct is required.