Will AI replace Appraisers and Assessors of Real Estate?
AI can do 76% of the work Appraisers and Assessors of Real Estate do at least twice as fast. People already use it for 5 of their 30 tasks, while 17 more are ready but barely used so far. Robots can technically handle 1 physical task. 7 still need a person.
AI is already doing this5 · 30% of time
People already use AI for these tasks in real work, based on Anthropic's analysis of how Claude is used.
- Prepare written reports that estimate property values, outline methods by which the estimations were made, and meet appraisal standards.Mostly automated16% of time
- Maintain familiarity with aspects of local real estate markets.Mostly automated4% of time
- Search public records for transactions such as sales, leases, and assessments.Mostly automated4% of time
- Analyze trends in sales prices, construction costs, and rents, to assess property values or determine the accuracy of assessments.Mostly automated4% of time
- Examine income records and operating costs of income properties.Mostly automated3% of time
AI could do this next17 · 46% of time
AI can speed these up by at least half, but real use has not caught up yet. These are next in line.
- Compute final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential.9% of time
- Prepare and maintain current data on each parcel assessed, including maps of boundaries, inventories of land and structures, property characteristics, and any applicable exemptions.5% of time
- Collect and analyze relevant data to identify real estate market trends.4% of time
- Obtain county land values and sales information about nearby properties to aid in establishment of property values.4% of time
- Explain assessed values to property owners and defend appealed assessments at public hearings.3% of time
- Complete and maintain assessment rolls that show the assessed values and status of all property in a municipality.3% of time
- Review information about transfers of property to ensure its accuracy, checking basic information on buyers, sellers, and sales prices and making corrections as necessary.3% of time
- Evaluate land and neighborhoods where properties are situated, considering locations and trends or impending changes that could influence future values.3% of time
- Photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports.3% of time
- Estimate building replacement costs, using building valuation manuals and professional cost estimators.3% of time
- Identify the ownership of each piece of taxable property.1% of time
- Explain real and personal property taxes to property owners.1% of time
- Establish uniform and equitable systems for assessing all classes and kinds of property.1% of time
- Verify legal descriptions of properties by comparing them to county records.1% of time
- Draw land diagrams to be used in appraisal reports to support findings.1% of time
- Calculate tax bills for properties by multiplying assessed values by jurisdiction tax rates.1% of time
- Approve applications for property tax exemptions or deductions.1% of time
Robots can technically do this1 · 1% of time
Physical tasks that today's robots can perform in at least some settings. Robots are cost competitive for very few tasks so far, so this change moves slower.
- Conduct regular reviews of property within jurisdictions to determine changes in property due to construction or demolition.Robots: almost anywhere1% of time
Still needs a person7 · 23% of time
No real AI use, no proven AI speedup and no robot that can do it yet. This is the part of the job to build on.
- Inspect properties, considering factors such as market value, location, and building or replacement costs to determine appraisal value.11% of time
- Inspect new construction and major improvements to existing structures to determine values.3% of time
- Check building codes and zoning bylaws to determine any effects on the properties being appraised.3% of time
- Interview persons familiar with properties and immediate surroundings, such as contractors, home owners, and realtors, to obtain pertinent information.3% of time
- Examine the type and location of nearby services, such as shopping centers, schools, parks, and other neighborhood features, to evaluate their impact on property values.1% of time
- Testify in court as to the value of a piece of real estate property.1% of time
- Determine taxability of properties, using methods such as field inspection, structural measurement, calculation, sales analysis, market trend studies, and income and expense analysis.1% of time
Your week is not the average
Describe what you actually do and get a personal report: your own tasks, what AI can already do, what stays yours and a 90 day plan.
What this means
AI can already do almost all of this work at least twice as fast. Real use is still behind at 27 out of 100, so the change here is only getting started. Expect the role to shift toward deciding what to do, checking AI's work and owning the result.
What to do next
- Do the 5 tasks AI is already handling with AI yourself. Your peers already are, and it is quickly becoming the baseline.
- Get ahead on the 17 tasks AI could do next. These move as tools improve, so learning them early pays off.
- Keep an eye on the 1 physical task robots can technically do. Cost keeps most robots out of work today, so this shift is slower.
- Build on the 7 tasks that stay human. This is where your judgment, skill and relationships matter most.
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