DEFINITION:
This is specialized complex mass appraisal dealing with the assessment and valuation of Commercial Real Property to determine fair market value for ad valorem tax purposes. The Commercial Real Property Appraiser must have an exceptional knowledge of theory and techniques for estimating value by the income or income capitalization approach, the comparable sales approach, and the cost approach. This includes selection of capitalization rates, analysis of income and expenses to estimate net operating income and capitalization methods and techniques. Work is performed under the direction of a higher level officer who assigns duties, but the employee is allowed considerable latitude in executing his/her responsibilities.

DUTIES (NOT ALL INCLUSIVE):
1. Researches and analyzes local market data such as property sales, construction costs, depreciation schedules, rent, vacancy and expense data, maps and zoning requirements, flood areas and location influences to determine valuation of commercial property and multi-family dwellings.
2. Works with local property managers, owners and legal representatives to collect information and advise current market rent levels, occupancy rates, income and expense statements and types of leases appropriate to the specific geographic and economic areas.
3. Locates, inspects and analyzes multi-family and commercial structures and land in assigned areas to determine fair market value as a basis for tax assessment.
4. Uses and interprets maps, legal descriptions and aerial photographs to determine valuation district boundaries. Updates records, maps, tax assessments, accounts and data files using information gathered during course of duties to assure the accuracy of future assignments.
5. Responds to citizen inquiries regarding assessments and reassessments. Provides information regarding appraisal techniques and methods and explains how values are established.
6. Prepares for and defends property values before the Board of Tax Review.
7. Performs other duties as required.

REQUIREMENTS:

Knowledge
• Standards employed in the appraisal of Real Property for tax assessment purposes;
• Legislation regarding appraisal of Real Property for tax assessment purposes;
• Statistical calculation procedures and statistical theory as applicable to the appraisal process;
• Residential and commercial appraisal methods;
• Building materials, equipment, workmanship and general construction quality as applied to all classes of buildings;
• Standard appraisal methods and techniques including the cost, income, and comparable sales, methods of appraisal of commercial and multifamily dwellings;
• Laws, regulations and court decisions affecting appraisal for ad valorem tax purposes;
• Ability to establish and maintain effective working relationships with taxpayers, property owners, and others contacted during the course of work;

Skills
• Using a personal computer and related software applications;
• Applying appraisal principles and techniques;
• Reading and interpreting maps, aerial photos and property descriptions;
• Exercising sound judgment in analyzing information;
• Giving presentations in support of appraisal determinations;
• Performing a variety of calculations;
• Oral and written communication skills, sufficient to exchange or convey information and to give or receive work direction.

Education and Experience
Graduation from a recognized college or university with a Bachelor's degree or Associate's degree and four (4) years related work experience.

Necessary Special Requirement
Possession of a valid driver's license

Please send Resume and References to:
Office of the Tax Assessor
No. 18 Kongens Gade
St. Thomas, VI 00802
Attention: Mr. Martin