Appraisers and Assessors of Real Estate
of tasks in the Appraisers and Assessors of Real Estate role are ones AI can already do, per AI experts.
From a Stanford study where AI experts and appraisers and assessors of real estate workers rated each real task (O*NET). Not a guess from the job title.
Key statistics
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- AI can already do 25% of the 12 work tasks in the Appraisers and Assessors of Real Estate role, according to AI experts in the Stanford WORKBank study (O*NET SOC 13-2023.00).
- Workers in the Appraisers and Assessors of Real Estate role want about 75% of their tasks automated (Stanford WORKBank, 1,500 U.S. workers).
- 2 of 12 Appraisers and Assessors of Real Estate tasks are Automation Green Light, wanted by workers and do-able by AI, that is 17% of the role (Stanford WORKBank).
- The typical Appraisers and Assessors of Real Estate task scores 3.28/5 for worker desire to automate and 3.05/5 for AI capability today (Stanford WORKBank, 1-5 scale).
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What workers told Stanford
Of the 12 tasks studied for Appraisers and Assessors of Real Estate, 2 (17%) are in the Automation Green Light zone, AI can largely do them and workers want it. Across all tasks, workers want about 75% automated. The typical task scores 3.28/5 for worker desire and 3.05/5 for AI capability.
All 12 tasks, most-wanted first
Complete and maintain assessment rolls that show the assessed values and status of all property in a municipality.
R&D Opportunitywant 3.8 · AI 3.33Obtain county land values and sales information about nearby properties to aid in establishment of property values.
R&D Opportunitywant 3.75 · AI 2.67Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.
R&D Opportunitywant 3.63 · AI 2.67Verify legal descriptions of properties by comparing them to county records.
Green Lightwant 3.57 · AI 4Check building codes and zoning bylaws to determine any effects on the properties being appraised.
R&D Opportunitywant 3.5 · AI 3Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.
R&D Opportunitywant 3.43 · AI 3Search public records for transactions such as sales, leases, and assessments.
R&D Opportunitywant 3.38 · AI 2Prepare and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures, property characteristics, and any applicable exemptions.
Green Lightwant 3.17 · AI 3.5Identify the ownership of each piece of taxable property.
R&D Opportunitywant 3 · AI 3Collect and analyze relevant data to identify real estate market trends.
Red Lightwant 2.9 · AI 4Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.
Low Prioritywant 2.75 · AI 2.75Examine income records and operating costs of income properties.
Low Prioritywant 2.5 · AI 2.67
Related occupations
Other Business and Financial Operations roles in the Stanford WORKBank study, closest AI-capability share first.
- Budget AnalystsAI can do 25% of tasks today · workers want 75% automated
- Financial ExaminersAI can do 33% of tasks today · workers want 67% automated
- Credit CounselorsAI can do 33% of tasks today · workers want 33% automated
- Training and Development SpecialistsAI can do 40% of tasks today · workers want 70% automated
- Human Resources SpecialistsAI can do 45% of tasks today · workers want 27% automated
- FundraisersAI can do 50% of tasks today · workers want 80% automated
Lower-automation alternatives
Less of these jobs is automatable today: AI experts rate a smaller share of their tasks as doable than the 25% for Appraisers and Assessors of Real Estate (Stanford WORKBank).