Career and Education Opportunities for Assessors in Elizabeth, New Jersey
There are many career and education opportunities for assessors in the Elizabeth, New Jersey area. There are currently 2,600 working assessors in New Jersey; this should grow by 10% to 2,900 working assessors in the state by 2016. This is better than the national trend for assessors, which sees this job pool growing by about 4.6% over the next eight years. Assessors generally appraise real and personal property to determine its fair value.
Income for assessors is about $31 per hour or $66,540 per year on average in New Jersey. Nationally, their income is about $22 hourly or $47,370 per year. Incomes for assessors are better than in the overall category of Accounting and Auditing in New Jersey, and not quite as good as the overall Accounting and Auditing category nationally. Jobs in this field include: field appraiser, certified general mass real estate appraiser, and residential appraiser.
There are 298 schools of higher education in the Elizabeth area, including two within twenty-five miles of Elizabeth where you can get a degree to start your career as an assessor. Given that the most common education level for assessors is a post-secondary certificate, you can expect to spend a short time training to become an assessor if you already have a high school diploma.
CAREER DESCRIPTION: Assessor
In general, assessors appraise real and personal property to determine its fair value. They also may assess taxes in accordance with prescribed schedules.
Assessors decide on taxability and value of properties, using methods such as field inspection, structural measurement, calculation, sales analysis, market trend studies, and income and expense analysis. They also inspect properties, considering factors such as market value and building or replacement costs to establish appraisal value. Equally important, assessors have to explain assessed values to property owners and defend appealed assessments at public hearings. They are often called upon to inspect new construction and major improvements to existing structures to establish values. They are expected to analyze trends in sales prices and rents, to gauge property values or decide on the precision of assessments. Finally, assessors conduct regular reviews of property within jurisdictions to establish changes in property due to construction or demolition.
Every day, assessors are expected to be able to see details at a very fine level of focus. They need to articulate ideas and problems. It is also important that they think through problems and come up with general rules.
It is important for assessors to complete and maintain assessment rolls that show the assessed values and status of all property in a municipality. They are often called upon to identify the ownership of each piece of taxable property. They also hire staff members. They are sometimes expected to approve applications for property tax exemptions or deductions. Somewhat less frequently, assessors are also expected to ready and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures and any applicable exemptions.
Assessors sometimes are asked to furnish sales analyses to be used for equalization of school aid. They also have to be able to maintain familiarity with aspects of local real estate markets And finally, they sometimes have to furnish sales analyses to be used for equalization of school aid.
Like many other jobs, assessors must have exceptional integrity and be thorough and dependable.
Similar jobs with educational opportunities in Elizabeth include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
- Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
- Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
- Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
- Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
- Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
EDUCATIONAL OPPORTUNITIES: Assessor Training
CUNY Bernard M Baruch College - New York, NY
CUNY Bernard M Baruch College, One Bernard Baruch Way (55 Lexington at 24th St), New York, NY 10010. CUNY Bernard M Baruch College is a large college located in New York, New York. It is a public school with primarily 4-year or above programs. It has 15,906 students and an admission rate of 26%. CUNY Bernard M Baruch College has a bachelor's degree and a master's degree program in Real Estate which graduated thirty-five and three students respectively in 2008.
New York University - New York, NY
New York University, 70 Washington Sq South, New York, NY 10012-1091. New York University is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 42,204 students and an admission rate of 32%. New York University has bachelor's degree, master's degree, and post-master's certificate programs in Real Estate which graduated sixteen, 199, and 119 students respectively in 2008.
Accredited Rural Appraiser: Appraisals of agricultural enterprises and rural properties demand qualified experts who understand the complexity and intricacy of modern agriculture and today's rural environment.
For more information, see the American Society of Farm Managers and Rural Appraisers website.
Residential Evaluation Specialist: The purpose of the RES (Residential Evaluation Specialist) designation is to recognize professionalism and competency in the valuation of residential property for tax purposes.
For more information, see the International Association of Assessing Officers website.
Personal Property Specialist: The purpose of the PPS (Personal Property Specialist) designation is to recognize professionalism and competency in the valuation of personal property for tax purposes.
For more information, see the International Association of Assessing Officers website.
Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.
For more information, see the Investment Management Consultants Association website.
Certified Estate Specialist: A Certified Estate Specialist has advanced education in exactly how to deal with the settling of estates, from working with family members to dealing with lawyers and accountants.
For more information, see the National Auctioneers Association website.
LOCATION INFORMATION: Elizabeth, New Jersey
Elizabeth is situated in Union County, New Jersey. It has a population of over 124,755, which has grown by 3.5% over the last ten years. The cost of living index in Elizabeth, 140, is far greater than the national average. New single-family homes in Elizabeth are valued at $321,400 on average, which is far greater than the state average. In 2008, eight new homes were constructed in Elizabeth, up from six the previous year.
The three most popular industries for women in Elizabeth are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and other transportation, and support activities, and couriers. The average travel time to work is about 28 minutes. More than 12.1% of Elizabeth residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 4.2%, is lower than the state average.
The unemployment rate in Elizabeth is 12.4%, which is greater than New Jersey's average of 9.3%.
The percentage of Elizabeth residents that are affiliated with a religious congregation, 65.5%, is more than both the national and state average. First Pentecostal Church, Christ Episcopal Church and Alliance International Fellowship Church are some of the churches located in Elizabeth. The largest religious groups are the Catholic Church, the Presbyterian Church (USA) and the American Baptist Churches in the USA.
Elizabeth is home to the North Elizabeth Station and the Julian Station as well as Kellogg Park and Jackson Park. Visitors to Elizabeth can choose from Hampton Inn Newark-Airport, Centro America Express and Hilton Newark Airport for temporary stays in the area.