Property Assessors Offices - Kentucky Education and Training
Get the training to perform KY property assessment
Employees who undergo property assessors offices in Kentucky education and training will teach you how to appraise personal and real and personal property in order to estimate its fair market value. Property assessors may also use KY property records for the purpose of setting property taxes in accordance with a prescribed schedule.The requirements needed to work in property assessors offices for Kentucky are complex and vary by the type and value of the property being appraised. Generally, these requirements may be grouped in the following categories:
1. Education. While there are no formal degree requirements for property assessors in Kentucky, most practicing assessors have at least a bachelor’s degree, preferably in economics, finance or real estate. However, the specific courses that a property assessor needs are usually taken at a community college or professional assessor organization.
2. On-the-job training. This is required to obtain a license or certification and should be acquired in the office of an independent fee appraiser, if possible.
3. Licensure. Federal law requires that property appraisers have a state-issued license if they will be involved in transactions requiring a federal loan of $250,000 or more.
Complete the courses needed to become a KY property appraiser
Get on-the-job training for Kentucky property assessment
Job training for property appraisers in Kentucky has specific requirements, as laid out by the Kentucky Real Estate Appraisers Board. These requirements stipulate the length of time the training must take, the way in which the mentor must monitor the process, and the type of experience the trainee must acquire.Become a licensed Kentucky property appraiser
Kentucky recognizes four categories of appraisers. An associate appraiser performs property appraisals that the supervising appraiser permitted to appraise. A licensed residential real property appraiser may perform residential appraisals of up to $1,000,000 and nonresidential real property valued at less than $250,000. A certified residential real property appraiser may perform residential appraisals of any value and nonresidential real property valued at less than $250,000. A certified general real property appraiser may perform appraisals of all types of real property.- Kentucky property assessors must meet the minimum certification and licensing requirements established by the AQB. However, the licensing requirements for assessing Kentucky property records are more stringent than those required by the AQB. For example, Kentucky requires an appraisal license for all appraisers regardless of the transaction value of the property.
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