Commissioner of the Revenue
The Commissioner of the Revenue is responsible for accurately assessing all tangible personal property (personal and business) and maintaining real estate ownership records. The Commissioner oversees tax relief programs for seniors and permanently
disabled citizens, 100% service-connected disabled veterans, surviving spouses of 100% service-connected veterans and surviving spouses of those killed in action, land use and the car tax rebate. The Commissioner also oversees the filing of Virginia
State income tax returns.
Personal Property Change Form Instructions: The Personal Property Change Form allows
you to change your address, tell us if you purchased a vehicle, sold a vehicle, or moved in or out of the county. Below is an ordinance passed by the Montgomery County Board of Supervisors in July of 2014 that requires you to file this form with the
Commissioner of the Revenue within 60 days to avoid a penalty of 5% or $10 whichever is greatest. Please list any changes and mail or e-mail the form to the Commissioner of the Revenue.
Please note: The responsibility for collecting taxes solely rests with the Treasurer's Office.
If you want to pay your taxes, have questions about payments due or paid or about due dates, please contact the Treasurer's Office at (540) 382-5723.
Tax Rates
The Montgomery County tax rates are set by the Board of Supervisors usually at one of the meetings in the month of April each year.
Current Tax Rates
| Aircraft | $1.23 |
| Business Tangible Property | $2.55 |
| Machinery & tools | $1.82 |
| Mobile Homes | $0.70 |
| Motor vehicles | $2.55 |
| Real estate | $0.70 |
What's New?
As of January 1, 2024 the income limit for tax relief for seniors and disabled citizens has increased to $68,000 and the new worth limit has increased to $200,000.
Montgomery County has a Cigarette Tax starting July 1, 2023. Please click here to read the County Ordinance for the cigarette tax code. There are three required forms. The Wholesale Registration Form, the Monthly Distribution Accounting Form and the Tax Stamp Order From. They are located on our Forms and Publications page. Stamps will be available in rolls of 15,000 at 0.40 per stamp. If you have any questions, please call or email our office.
Motor vehicle value increases explained below.
COVID-19’s Impact on the Vehicle Valuations of 2021 & 2022
The following information is intended to provide insight about the updated NADA vehicle values for 2021 & 2022.
Historically, vehicle values tend to depreciate from month to month. As such, the predicted value of any vehicle would be lower than the value of that same vehicle the previous January. In early 2020, vehicle values were trending as the industry normally
expected. Then, in March, COVID-19 altered the anticipated trends of the automobile industry. As a result, all major vehicle valuation services, not just National Automobile Dealers Association (NADA), indicated increased market values between January
2020 and January 2021 (1). Just over the summer of 2020, prices increased over 10% for the US used car market as a whole. Several key market events, beginning as far back as mid-2019, played a part in the values established in January 2021. The values
have continued to rise for January 2022.
These events include but are not limited to:
• In March of 2020, the Federal Reserve cut the interest rates to near 0%. These unprecedented low interest rates, on both new and preowned vehicles, allowed consumers to purchase vehicles sooner than they would have in the past. A strong demand
means higher prices.
• The “COVID-19” related closing of certain auto manufacturing plants for the necessary production of ventilators and other Personal Protective Equipment caused a further reduction in inventory.
• Large fleet companies (E.g.: rentals agencies and car services) chose not to replace inventory adding to the shortage of preowned vehicles in the market.
In accordance with The Code of Virginia 58.1-3503, the Montgomery County Commissioner of the Revenue uses the “Clean Trade-in Value” established by NADA as fair market value. The Commissioner’s Office will make adjustments for
vehicles exceeding the mileage indicated in the pricing guide.
Reference
1. General Assembly of Virginia-. Code of Virginia (1950), Title 58.1-3503(A) (3). Richmond, VA: Lexis Nexis, 2017.
2. National Automobile Dealers Association. Guidelines, NADA Used Car Guide Industry Update. McLean, VA: NADA, January 2022.
3. General Assembly of Virginia. Code of Virginia (1950), Title 58.1-3515. Richmond, VA: Lexis Nexis, 2017.