Qualified Appraiser

What is ‘Qualified Appraiser’

An individual who has earned an appraisal designation from a professional appraiser organization, or has met minimum education and experience requirements in the subject matter in which he or she issues appraisals. A qualified appraiser performs appraisals on a regular basis, and receives compensation for his or her work. The professional must not be prohibited from practicing before the Internal Revenue Service (IRS).

Explaining ‘Qualified Appraiser’

Qualified appraisers are required by the IRS to appraise any piece of property valued at $5,000 or more on which a taxpayer requests a tax deduction. Because qualified appraisers are more experienced and knowledgeable about a particular type of property, the IRS uses them in order to ensure that the taxpayer is not overstating the value of the donated property. A qualified appraiser must perform an appraisal based on generally accepted appraisal standards.

Further Reading

  • Asset Impairment Accounting and Appraisers: Evidence from Japan. – search.ebscohost.com [PDF]
  • The Lawyer's Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert Testimony – books.google.com [PDF]
  • Appraisers and valuation bias: An empirical analysis – onlinelibrary.wiley.com [PDF]
  • Statistical evidence of real estate valuation: Establishing value without appraisers – heinonline.org [PDF]
  • High-impact information types on market value: property appraisers' information sources and assessment confidence – www.tandfonline.com [PDF]
  • Management of Agricultural Enterprises by Means of Fair Financial Reporting in Accordance with International Standards of the Finance and Accounting Reporting – elibrary.ru [PDF]
  • Real estate investment trusts: A review of the financial economics literature – www.aresjournals.org [PDF]
  • Biases in appraisal land price information: the case of Japan – www.emerald.com [PDF]