Exams are offered at the annual Property Tax School and at least three other times throughout the year.
The CMA exam is composed of five parts and requires a minimum 70% passing grade on each part. The exam runs from 8:00 am to 5:00 pm, with a one-hour break for lunch at noon.
- Part I contains 25 mostly multiple part questions covering all aspects of Maine property tax Law. Correct answers generally involve one or more short sentences, and a law book along with all Property Tax Division bulletins are included in the test packet for reference. The time limit for part one is four hours. On completion, Part I must be returned to the testing monitor in exchange for the second packet which contains Parts II - V.
- Part II contains 50 multiple choice questions on assessment theory including concepts of value, concepts of property, and appraisal arithmetic.
- Part III contains 50 multiple choice questions dealing with land valuation and tax maps.
- Part IV contains 50 multiple choice questions on the cost approach to value and the market approach to value.
- Part V of the exam contains 50 multiple choice questions on the income approach to value, land pricing, ratio studies, and tax mapping.
Exam Preparation Material
Course PT102 - Maine Property Tax Law | Textbook
Course PT104 - CMA Exam Review Course | Video
- August 19, Augusta
- Wednesday November 3, Augusta