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Occupation Info

Property Accountant

Overview: Property accountants identify and keep records about value, location & descriptions of company owned or leased equipment, buildings and other physical assets. They conduct audits to assure equipment is maintained and costs allocated for tax purposes.
Duties: Property accountants collect and analyze all data regarding an organization's income and expenses from building, equipment and land holdings. They calculate annual depreciation for tax purposes.

Property accountants advise an organization's executives which properties are producing revenue and which are losing money. They make suggestions regarding which properties should be sold and determine the asking price. They decide upon methods to report the final depreciation of properties in order to minimize the amount of taxes paid. They also keep accurate records of all properties owned.

Property accountants recommend to an organization's management what kinds of properties to invest in for the future based on current economic trends and tax laws and suggest the best accounting methods to use.

Degree(s): A.A.S. Accounting 
A.A.S. Management: Marketing Concentration 
A.A.S. Management: Real Estate-Insurance Concentration 
A.S. Business Administration (Accounting and Marketing) 
Job Outlook: Employment of property accountants is expected to grow faster than average through 2018 because the number of property owners will increase, these workers to set up books, prepare taxes, and provide management advice. An increased need will arise from a greater emphasis on accountability, transparency, and controls in reporting.
Salary Range (National Average): $43,000 to $47,000
Education Level: Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.
Additional Training/Education: Most public accounting firms, business organizations and government agencies require applicants for accounting and internal audit positions to have at least a bachelor's degree in accounting. Most employers require that applicants be familiar with computer based accounting systems. Assistant postions require an associate degree.
Recommended Skills:
  • Weighing out the options in a situation or a problem and logically choosing the best course of action.
  • Determining how much money is required to get a job done, allocating those monies, and then accounting for all expenditures.
  • Using mathematics and/or statistics to solve problems.
  • The ability to understand complex written paragraphs, instructions, or reports.
Recommended Values:
  • Having a level of income that will afford you with luxuries, and which will allow you to become financially independent.
  • Being able to decide on how to get something done without significant direction from someone else.
  • Gaining the respect of others by the nature and/or level of responsibility of your work.
  • Having a routine job where the duties are very predictable and not likely to change over a long period of time.

* National data collected by the Department of Labor between 2008-2012.
* For New York salary data information please click here
* For New York green job information please click here.

Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services Advisor to fully understand the opportunities available through study in their degree program.