Annual Assessment Report

Competency of the assessor

  1. What does USPAP say about competency?
  2. When do I determine competency?
  3. What types of issues should I consider when determining competency?
  4. How can I gain competency?
  5. Do I have to disclose competency?
  6. What if I cannot declare competency?

  1. What does USPAP say about competency?

    The Competency Rule of USPAP states, "An appraiser must do one of the following:

    1. Be competent to perform the assignment
    2. Acquire the necessary competency to perform the assignment
    3. Decline or withdraw from the assignment"
  2. When do I determine competency?

    Before taking on a new municipality, you must evaluate your ability to produce credible results. If you do not believe that you can do the work, you should disclose this to your client.

  3. What types of issues should I consider when determining competency?

    There are a few types of issues to consider, including your ability to:

    • Appraise all the property in the municipality
    • Analyze the marketplace
    • Understand unique conditions in the municipality
    • Use the appropriate analytical methods for the subject properties
  4. How can I gain competency?

    If you are uncertain about the assignment, you can take steps to attain competency by:

    • Personal study
    • Association with an appraiser reasonably believed to have the necessary knowledge or experience
    • Retention of others who possess the required knowledge or experience
  5. Do I have to disclose competency?

    No. Competency is assumed unless otherwise stated.

  6. What if I cannot declare competency?

    If you are unable to declare competency, you must decline the assignment.

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Division of State and Local Finance
Office of Technical and Assessment Services
P.O. Box 8971 MS 6-97
Madison, WI 53708-8971
Phone: (608) 266-7750
Fax: (608) 264-6897
Email additional questions to bapdor@revenue.wi.gov

Page last updated March 10, 2014