Assessors, Valuators, and Appraisers

(NOC 1314)

in All Business, Finance, and Administration

Assessors, valuators and appraisers determine the value of land, businesses, estates, and other real property for the sale, purchase, taxation or disposal of assets. Appraisers also determine the value of personal and household items. Assessors, valuators and appraisers work for government agencies, real estate firms and other private companies, or they may be self-employed. Assessors may specialize in advising and consulting in a specific field of assessment like residential, commercial, industrial, institutional, or farm lands. Appraisers may specialize in a specific type of appraisal like real estate appraisal.

Job Outlook

Average

Read more

  • Estimate Stable employment change, 2019-2021
  • Estimate 10 openings due to growth and retirements, 2018-2020
  • Estimate Low rate of unemployment in 2019

Compared to: All Business, Finance, and Administration

  • Estimate -1305 employment change, 2019-2021
  • Estimate 4210 openings due to growth and retirements, 2018-2020
  • Estimate rate of unemployment not available for these occupation.

The employment outlook over the next few years for this occupational group is “average”, which indicates the chances of a qualified individual finding work is comparable to the average for all occupations in Nova Scotia. This is not a large occupation in Nova Scotia so job opportunities may not be that frequent. The number employed in this occupation is expected to remain largely the same over the next few years. With a large percent of workers being 55 years of age and older, retirements are expected to be a key contributor to employment opportunities over the coming years. Assessors, Valuators, and Appraisers most commonly work full-time hours. Also, a fair portion of the workforce is self-employed, so having the option to "work for yourself" may appeal to some individuals’ interests/motivations.

The median employment income for 75% of Assessors, Valuators, and Appraisers who worked full-time, year-round in 2015 was $63,118. Across all occupations in Nova Scotia, 59% of those who worked full-time year round had a median employment income of $43,600.
(Source: 2016 Census)

Hourly Pay

$14.00

Minimum

$31.80

Median

$49.45

Maximum

Annual Pay

$21,273

Minimum

$59,200

Median

$90,494

Maximum

Compared to: All Business, Finance, and Administration

Hourly Pay

$14.00

Minimum

$27.85

Median

$38.46

Maximum

Annual Pay

$6,754

Minimum

$36,515

Median

$70,271

Maximum

About the job

Nature of work

Assessors, valuators and appraisers determine the value of land, businesses, estates, and other real property for the sale, purchase, taxation or disposal of assets. Appraisers also determine the value of personal and household items. Assessors, valuators and appraisers work for government agencies, real estate firms and other private companies, or they may be self-employed. Assessors may specialize in advising and consulting in a specific field of assessment like residential, commercial, industrial, institutional, or farm lands. Appraisers may specialize in a specific type of appraisal like real estate appraisal.

Job duties

Assessors:

  • Assess value of land, building, structures, machinery, equipment and property improvements for taxation, grants and regional planning, and prior to sale or purchase.
  • Review and analyze data like past sales, title searches, engineering and alignment maps, soil maps, subdivision plans, water and sewer plans, leasing cost data and easements.
  • Explain assessment process to ratepayers.

Valuators:

  • Collect and analyze financial records of a business like financial statements, budgets, projections, and sales data to assess its competitiveness or to estimate its market value.
  • Prepare reports for estate planning, matrimonial litigation, insurance and business losses.
  • Appear as an expert witness before courts, security regulators and other regulatory boards and commissions.

Appraisers:

  • Appraise value of property, building, industrial and commercial machinery and equipment and personal and household items.
  • Prepare appraisal reports for lending agencies, insurance companies, government departments, courts, attorneys, creditors, buyers or auctioneers.

Sample job titles

  • appraiser (except customs)
  • assessor (except tax)
  • automobile appraiser
  • business valuation officer
  • chartered appraiser
  • insurance appraiser
  • municipal assessor
  • property appraiser
  • real estate analyst
  • real estate appraiser

Skills

You need to be organized and analytical, and must be able to meet deadlines. You must have knowledge of the value of similar businesses or property in the area. Good communication skills are important. A good understanding of business and finance is necessary.

Job requirements

  • Assessors need a college diploma in municipal assessment and accreditation with the municipal assessment association of the province.
  • Valuators usually need a bachelor's degree or college diploma in accounting, business or commerce and accreditation with the Canadian Institute of Chartered Business Valuators based on successful completion of its business and security valuation program.
  • Appraisers need a college diploma or vocational training in the field of appraisal or several years of experience in a position related to the field of appraisal.
  • Real estate appraisers usually need several years of experience as a real estate agent, right-of-way agent or property administrator and may need Canadian residential appraiser certification.
  • Appraisers of residential, commercial or industrial property need accreditation with the Appraisal Institute of Canada.

Other considerations

Movement to management positions in each field is possible with experience.

By the numbers

Quick look

275

employed in 2016

92.7%

employed full-time

23.6%

self employed

29.1%
Icons/female Created with Sketch.
70.9%
Icons/male Created with Sketch.
51.5

median age

Compared to: All Business, Finance, and Administration

63,775

employed in 2016

78.4%

employed full-time

6.6%

self employed

73.4%
Icons/female Created with Sketch.
26.6%
Icons/male Created with Sketch.
47.9

median age

Where will I likely work?

54.5%

Halifax

16.4%

North Shore

12.7%

Annapolis Valley

9.1%

Southern

7.3%

Cape Breton

Compared to: All NS Occupations

47.0%

Halifax

15.6%

North Shore

12.9%

Annapolis Valley

12.7%

Cape Breton

11.8%

Southern

Top Industries of Employment

54.0%

Real estate and rental and leasing

26.0%

Public administration

10.0%

Professional, scientific and technical services

6.0%

Finance and insurance

4.0%

Administrative and support, waste management and remediation services

What is the age of Employment?

30.0%

55-64

24.0%

45-54

19.0%

25-34

15.0%

35-44

9.0%

65+

4.0%

15-24

Compared to: All Business, Finance, and Administration

26.3%

45-54

22.6%

55-64

19.4%

35-44

16.7%

25-34

7.5%

65+

Top levels of education

40.0%

Bachelor

$56,187 median annual income
23.6%

College Diploma

$58,799 median annual income
12.7%

High school

N/A
10.9%

Diploma Below Bachelor

N/A
5.5%

Master

N/A

Compared to: All Business, Finance, and Administration

33.8%

College Diploma

$36,304 median annual income
23.8%

High school

$32,903 median annual income
22.8%

Bachelor

$41,755 median annual income
5.8%

Apprenticeship

$34,807 median annual income
4.9%

Less than high school

$23,174 median annual income

Education & training

Accounting

University Program

These programs prepare students to practice the profession of accounting and to perform related business functions. They include courses in accounting principles and theory, financial accounting, managerial accounting, cost accounting, budget control, tax accounting, legal aspects of accounting, auditing, reporting procedures, statement analysis, planning and consulting, business information systems, accounting research methods, professional standards and ethics, and applications to specific for-profit, public, and non-profit organizations.

Institutions providing this program

CPA Atlantic School of Business Association

Halifax, NS

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

Mount Saint Vincent University

Halifax, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Cape Breton University

Sydney, NS

Accounting Technology and Bookkeeping

College or Trades Program

These programs prepare students to provide technical administrative support to professional accountants and other financial management personnel. They include courses in posting transactions to accounts, record-keeping systems, accounting software operation, and general accounting principles and practices.

Institutions providing this program

Maritime Business College

Lower Sackville, NS

Eastern College - Halifax

Halifax, NS

Academy of Learning Career College - Halifax

Halifax, NS

Centre for Distance Education

Sydney, NS

Mount Saint Vincent University

Halifax, NS

Business/Commerce

College, Trades, or University Program

These programs focus on the general study of business, including the processes of interchanging goods and services (buying, selling and producing), business organization, and accounting as used in profit-making and non-profit public and private institutions and agencies. They prepare students to apply business principles and techniques in various occupational settings.

Institutions providing this program

Dalhousie University

Halifax, NS

University of King's College

Halifax, NS

Universite Sainte-Anne

Pointe-de-l'Église, NS

Saint Mary's University

Halifax, NS

Employment requirements & contacts

Regulations

Real Estate Appraiser

Right to Title and Practice: This job is regulated. The job title is protected, and you may not use it without a professional licence. A licence shows that the holder has met provincial requirements and is required to legally do this work.

Regulating body:
Nova Scotia Real Estate Appraisers Association
5670 Spring Garden Road, Suite 602
Halifax, NS B3J 1H6
(902) 422-4077
(902) 422-3717

Contacts

Property Valuation Services Corporation
Dartmouth, NS
Chartered Business Valuators Institute
Toronto, ON

Additional resources