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How exposed to AI is a Appraisers and Assessors of Real Estate?

Of the 30 tasks O*NET lists for appraisers and assessors of real estate, 6 could be done in half the time with a chat window today. 8 cannot be sped up at all. Here is which.

Exposure means published research judged an AI could halve the time a task takes, at the same quality. It does not mean the task stops needing a person. How to read this

Also called
AppraiserAssessorCertified Real Estate AppraiserCertified Residential AppraiserCommercial AppraiserCounty AssessorField AppraiserReal Estate AppraiserReal Property AppraiserTax Assessor
Reachable today Needs software built first Cannot be sped up
30
tasks rated for this occupation
55%
hold a degree, from a survey of 22
35 of 48
least protected in business and finance

Every task, and what AI can do with it

These are O*NET's task statements for this occupation, exactly as written, sorted into the three bands by the ratings behind this report. Nothing has been reworded.

Reachable with a chat window today

6
  • Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential
  • Prepare and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures, property characteristics, and any applicable exemptions
  • Explain assessed values to property owners and defend appealed assessments at public hearings
  • Explain real and personal property taxes to property owners
  • Estimate building replacement costs, using building valuation manuals and professional cost estimators
  • Calculate tax bills for properties by multiplying assessed values by jurisdiction tax rates

Only with software built on top

16
  • Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards
  • Collect and analyze relevant data to identify real estate market trends
  • Identify the ownership of each piece of taxable property
  • Complete and maintain assessment rolls that show the assessed values and status of all property in a municipality
  • Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary
  • Establish uniform and equitable systems for assessing all classes and kinds of property
  • Examine income records and operating costs of income properties
  • Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values
  • Maintain familiarity with aspects of local real estate markets
  • Search public records for transactions such as sales, leases, and assessments
  • Verify legal descriptions of properties by comparing them to county records
  • Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports
  • Obtain county land values and sales information about nearby properties to aid in establishment of property values
  • Draw land diagrams to be used in appraisal reports to support findings
  • Approve applications for property tax exemptions or deductions
  • Analyze trends in sales prices, construction costs, and rents, to assess property values or determine the accuracy of assessments

Cannot be sped up

8
  • Inspect new construction and major improvements to existing structures to determine values
  • Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value
  • Conduct regular reviews of property within jurisdictions to determine changes in property due to construction or demolition
  • Check building codes and zoning bylaws to determine any effects on the properties being appraised
  • Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information
  • Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values
  • Testify in court as to the value of a piece of real estate property
  • Determine taxability of properties, using methods such as field inspection, structural measurement, calculation, sales analysis, market trend studies, and income and expense analysis
What this does not say

This is not a prediction about your job

Nobody surveyed an employer. Tasks are counted equally, so a percentage here is a share of the list rather than a share of your week. And the ratings were made in 2023, which makes every figure a floor rather than a ceiling.

It must never be used to select anyone for redundancy. The full limits are here.

Where to go next

This is the standard task list for the title. The useful next question is which of the tasks you actually do should go near AI, and which should not.

Sort your own tasks Read the full report

Exposure ratings from Eloundou, Manning, Mishkin and Rock, GPTs are GPTs: Labor market impact potential of LLMs, Science 384, 1306–1308, 2024, used under the MIT licence. This page includes information from the O*NET Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. People Team AI has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications. Employment figures from the US Bureau of Labor Statistics.