REVENUE SUMMARY Personal Property (Motor Vehicles) $20 $18 $16
M i l l i o ns
$14 $12 $10 $8 $6 $4 $2 $0
FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23
Fiscal Year
Auto Sales
New car registrations for CY 2021 were up 10% compared to CY 2020, while new truck registrations were up 6%. This resulted in a net increase in new vehicle registrations of 7%, as 138 additional vehicles were purchased in 2021 as compared to 2020. Montgomery County
First Quarter 2020
Second Quarter Third Quarter 2020 2020
Fourth Quarter 2020
Total
% Inc.
Car Registrations
139
85
105
111
440
-49%
Truck Registrations
401
315
460
429
1,605
4%
Total Registration
540
400
565
540
2,045
-15%
Fourth Quarter 2021
Total
% Inc.
Montgomery County
First Quarter 2021
Second Quarter Third Quarter 2021 2021
Car Registrations
116
145
144
80
485
10%
Truck Registrations
437
450
465
346
1,698
6%
Total Registration
553
595
609
426
2,183
7%
Source: Virginia Automotive Dealers Association (vada.com)
Sales and Use Taxes
Montgomery County’s third largest category of undesignated revenues is sales and use tax. Sales and use tax is a consumption tax paid for sales of certain goods and services. For FY 21, the County collected $10.7 million. Due to the uncertainty of the pandemic, the County estimated $10.2 million for FY 22; however, as the year progressed, REVENUE SUMMARY : 81