Revenue and Taxation Appraisal Specialist in North Dakota Career Overview

As a Revenue and Taxation Appraisal Specialist in North Dakota, you play a vital role in the assessment of property values for tax purposes, ensuring that local governments can generate revenue efficiently and equitably. Your responsibilities include:

  • Conducting property valuations and assessments to determine taxable value.
  • Analyzing market trends, property sales, and economic data to inform assessments.
  • Preparing reports and documentation that articulate the rationale behind property valuations.
  • Collaborating with other government agencies, property owners, and the public to address appraisal inquiries and disputes.
  • Staying current with local, state, and federal tax laws and appraisal practices to maintain compliance and accuracy.

Your expertise contributes significantly to the financial health of local communities by ensuring that property taxes are assessed fairly and adequately reflect the market value. The role requires attention to detail and a solid understanding of real estate principles, as the appraisals you conduct can directly impact funding for public services such as education, infrastructure, and emergency services. Additionally, your work helps foster transparency in the property tax system, which is essential for maintaining public trust and accountability.

Revenue and Taxation Appraisal Specialist Salary in North Dakota

Annual Median: $72,290
Hourly Median: $34.76

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Revenue and Taxation Appraisal Specialist in North Dakota

To become a Revenue and Taxation Appraisal Specialist in North Dakota, you will need to pursue specific educational qualifications and training. Here are the recommended college degree programs that can help you prepare for a career in this field:

  • Accounting
    A degree in Accounting provides you with foundational knowledge of financial principles, tax regulations, and appraisal methodologies essential for this role.

  • Accounting and Finance
    This program combines accounting principles with finance, equipping you with a robust understanding of both fields, which is vital for assessing property values and understanding tax implications.

  • Business Administration and Management
    A degree in Business Administration and Management offers insights into organizational dynamics and economic factors affecting property values, which can be beneficial in making informed appraisal decisions.

  • Business Managerial Economics
    This program focuses on the economic principles that drive business decisions. Understanding these principles can assist you in evaluating market trends and their impact on property assessments.

  • Real Estate
    Specialized education in Real Estate will provide you with critical insights into property valuation, market analysis, and the legal aspects of property transactions, all of which are pertinent to the role of an appraisal specialist.

In addition to formal education, consider pursuing certifications relevant to the appraisal field, as they may enhance your qualifications and professional standing in North Dakota.

Best Schools to become a Revenue and Taxation Appraisal Specialist in North Dakota 2024

#1Maricopa County

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891
#2Merrimack County

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091
#3Salt Lake County

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935
#4El Paso County

Colorado Technical University-Colorado Springs

Colorado Springs, CO

In-State Tuition:$12,036
Out-of-State Tuition:$12,036
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:24,808
#5Maricopa County

Grand Canyon University

Phoenix, AZ

In-State Tuition:$16,407
Out-of-State Tuition:$16,407
Admission Rate:78%
Graduation Rate:45%
Total Enrollment:101,816
#6Lynchburg City

Liberty University

Lynchburg, VA

In-State Tuition:$15,467
Out-of-State Tuition:$15,467
Admission Rate:99%
Graduation Rate:66%
Total Enrollment:96,709
Revenue and Taxation Appraisal Specialist Job Description:
  • Appraise and estimate the fair value of tangible personal or business property, such as jewelry, art, antiques, collectibles, and equipment.
  • May also appraise land.

Revenue and Taxation Appraisal Specialist Required Skills and Competencies in North Dakota

  • Analytical Skills: You must be able to evaluate various financial statements, property data, and market trends to assess and determine property values accurately.

  • Attention to Detail: Precision is key in this role. You should be able to spot discrepancies in records, understand detailed property assessments, and ensure that all data is accurately recorded.

  • Communication Skills: Your ability to clearly convey complex information to stakeholders, including property owners and government officials, is essential for effective negotiations and presentations.

  • Knowledge of Tax Laws and Regulations: A strong understanding of local, state, and federal tax legislation will aid you in ensuring compliance and providing knowledgeable advice to clients and government entities.

  • Mathematical Proficiency: You should be comfortable with complex calculations for property assessments and valuations, as well as financial modeling.

  • Technical Skills: Familiarity with appraisal software and proficiency in data analysis tools can streamline your workflow and improve the accuracy of your assessments.

  • Critical Thinking: You need to be able to assess situations, identify problems, and develop solutions that comply with regulatory requirements while meeting the needs of all parties involved.

  • Interpersonal Skills: Building relationships with property owners, government officials, and other stakeholders is vital. Your ability to work collaboratively can lead to more effective communication and resolution of issues.

  • Time Management: You will often juggle multiple projects, making it essential to prioritize tasks and meet deadlines while maintaining quality.

  • Ethical Judgment: Integrity and fairness are paramount in this role. You must ensure that your assessments are unbiased and based on accurate data.

Job Duties for Revenue and Taxation Appraisal Specialists

  • Calculate the value of property based on comparisons to recent sales, estimated cost to reproduce, and anticipated property income streams.

  • Create and maintain a database of completed appraisals.

  • Determine the appropriate type of valuation to make, such as fair market, replacement, or liquidation, based on the needs of the property owner.

Technologies Used by Revenue and Taxation Appraisal Specialists

Analytical or scientific software

  • WinEstimator WinEst
  • WinGap

Data base user interface and query software

  • Microsoft Access
  • Yardi software

Presentation software

  • Microsoft PowerPoint

Job Market and Opportunities for Revenue and Taxation Appraisal Specialist in North Dakota

The job market for Revenue and Taxation Appraisal Specialists in North Dakota is currently robust, reflecting the overall demand for qualified professionals in the public sector and real estate industries. Here are some key insights into the job market and opportunities available:

  • Demand for Professionals: There is a steady demand for Revenue and Taxation Appraisal Specialists, primarily due to the need for accurate property assessments for tax purposes. As local governments seek to ensure fair taxation, the role becomes increasingly vital.

  • Growth Potential: The field is projected to experience moderate growth, driven by continuous changes in property values and tax regulations. Additionally, as more municipalities adopt advanced assessment technologies, there will be a need for specialists proficient in these systems.

  • Geographical Hotspots:

    • Urban Centers: Cities such as Fargo, Bismarck, and Grand Forks are notable areas for employment opportunities. The growth in urban development and investment in infrastructure projects increases the necessity for skilled appraisal specialists.
    • Rural Areas: Some opportunities may also arise in rural and agricultural regions, especially where land valuation becomes essential for farm financing and development.
    • North Dakota's Energy Sector: Given the state's energy boom, particularly in oil and gas, appraisal specialists may find opportunities related to assessing property impacted by energy extraction and related development.

  • Local Government Entities: Job openings are frequently available within county assessor's offices and other local governmental entities tasked with property valuation and tax assessment.

  • Networking and Professional Organizations: Engaging with local chapters of professional organizations and attending industry conferences can enhance visibility and lead to job opportunities.

The combination of current demand, growth potential, and strategic geographical locations makes the job market for Revenue and Taxation Appraisal Specialists in North Dakota favorable for those considering a career in this field.

Top Related Careers to Revenue and Taxation Appraisal Specialist 2024

Personal Property Valuator
Business Asset Appraiser
Tangible Asset Assessor
Specialized Property Valuation Officer

Additional Resources To Help You Become a Revenue and Taxation Appraisal Specialist in North Dakota

  • North Dakota Department of Trust Lands
    Explore information related to property taxation, assessment processes, and regulations specific to North Dakota.
    North Dakota Department of Trust Lands

  • North Dakota State Board of Equalization
    This board is responsible for overseeing the property tax assessment process in North Dakota. Review guidelines and policies affecting appraisal practices.
    ND State Board of Equalization

  • International Association of Assessing Officers (IAAO)
    Gain access to professional education, research, and standards for property appraisal and taxation. This organization provides a wealth of resources for appraisers.
    IAAO

  • North Dakota League of Cities
    Find resources regarding local governance, including property assessment practices, and guidelines applicable to municipalities within North Dakota.
    ND League of Cities

  • North Dakota Association of Counties (NDAC)
    This organization offers resources related to county taxation and assessment, providing networking opportunities and educational materials for professionals in this field.
    NDAC

  • Appraisal Institute
    As a leading organization for professionals in the appraisal industry, the Appraisal Institute provides credentials, educational opportunities, and publications focusing on valuation and assessment principles.
    Appraisal Institute

  • National Association of Realtors (NAR)
    While primarily aimed at real estate professionals, the NAR provides valuable insights and resources regarding property valuation trends that can benefit those in the taxation appraisal field.
    National Association of Realtors

  • U.S. Department of Housing and Urban Development (HUD)
    Access resources related to fair housing and property valuation regulations that impact appraisers and taxation specialists at the federal level.
    HUD

  • North Dakota State University - College of Agriculture, Food Systems, and Natural Resources
    NDSU offers courses in land valuation, property rights, and related subjects beneficial for those pursuing a career in property assessment and taxation.
    NDSU

  • North Dakota Association of Appraisers
    A regional organization that focuses on promoting professionalism in the appraisal industry and providing networking opportunities for appraisers in North Dakota.
    NDAA

Frequently Asked Questions (FAQs) About Revenue and Taxation Appraisal Specialist in North Dakota

  • What does a Revenue and Taxation Appraisal Specialist do?
    A Revenue and Taxation Appraisal Specialist evaluates properties to determine their value for taxation purposes. This role involves analyzing market trends, property characteristics, and compliance with local taxation laws.

  • What qualifications do I need to become a Revenue and Taxation Appraisal Specialist in North Dakota?
    Typically, you'll need a high school diploma or equivalent, though many employers prefer candidates with an associate’s or bachelor's degree in finance, accounting, or a related field. Additionally, obtaining a state certification or license in appraisal is usually required.

  • Is prior experience necessary for this career?
    While some entry-level positions may not require extensive experience, many employers prefer candidates who have relevant experience in real estate, valuation, or tax assessment. Internships or volunteer work in related fields can be beneficial.

  • What skills are important for success in this role?
    Key skills include analytical thinking, attention to detail, strong mathematical abilities, good communication skills, and proficiency in using appraisal software and databases.

  • What does the job outlook look like for Revenue and Taxation Appraisal Specialists in North Dakota?
    The job outlook is generally positive, with steady demand due to ongoing property development and regulations around taxation. However, regional demand may vary based on local economic conditions.

  • Are there opportunities for advancement in this field?
    Yes, opportunities for advancement exist, such as moving into supervisory roles, management positions, or specializing in commercial property appraisal or governmental assessment.

  • What types of employers hire Revenue and Taxation Appraisal Specialists?
    You may find employment with local and state government agencies, real estate firms, financial institutions, or private appraisal companies.

  • How does technology impact the work of an Appraisal Specialist?
    Technology streamlines the appraisal process through the use of software for property analysis and reporting. Familiarity with geographical information systems (GIS) and automated valuation models (AVMs) is increasingly important.

  • What are the typical work hours for this profession?
    Standard work hours are generally 40 hours a week, but flexibility may be required based on project deadlines, site visits, and seasonal workload fluctuations.

  • Are there any professional organizations related to this career?
    Yes, organizations such as the International Association of Assessing Officers (IAAO) and the American Society of Appraisers (ASA) offer resources, networking, and continuing education opportunities.

  • What continuing education requirements must be fulfilled to maintain certification?
    Certification renewal often involves completing continuing education hours to stay up-to-date with industry standards, regulations, and best practices. Check the specific requirements for the certification you hold.