What does the real estate evaluator do?
Properties evaluator is a person who calculates the value of different properties. These calculations are then used to determine how much the owner has to pay in the real estate tax. It also serves as free instructions for the amount of insurance required on the land. The description of the work of the real estate evaluator is similar to the description of the appraiser or insurance adjustment. The difference is that these other positions are for private employers and the evaluator works directly for the local administration.
The term "real estate assessment" is often used interchangeably with the term "real estate evaluation". Real estate assessment is an estimate of the value of the property based on the real estate market. The purpose is to estimate how much the property can be sold in the open market, which differs from the actual value of the property. In fact, it is often significantly more than the assessment of the property of the same site.
Assessment of government property combines the costs of real estate and its buildings, with estimated value of the surrounding propertyLine to come with the real value of the property. Although the assessment of the property takes into account some aspects of market value, it is often ten to fifteen percent lower than the real estate evaluation.
As an official of local administration, the evaluator is appointed or elected for his term of office. During the term of office, the evaluator will be used on site visits, statistics and computer -generated tools to determine the value of each property. While on -site visits often occur, the real estate evaluator does not necessarily enter any of the buildings on the land. It will rely on detailed notes of property and its distinguishing characteristics. However, the assessment of real estate is still not the exact science and the owner of the property is generally entitled to appeal, where he can present a more detailed records that are contrary to the previous evaluation.
There are several things that the real estate evaluator is not responsible forto determine. The evaluator will not decide what the tax law on the property owner will be, nor does he collect these taxes. The assessment of real estate is used to calculate the tax law of the owner, but the real estate evaluator has nothing to do with the tax calculation. The evaluator also does not decide on the rules according to which the assets are assessed or stipulated by laws on property taxes. These regulations are usually introduced at a time when the evaluator takes up the office as determined by the local legislature.