Tourist Development Tax collection showed a 9.45% decline in South Walton for January 2023 compared with the previous year. Total collections for January 2023 in South Walton were $1,277,707.97.
The Tourist Development Tax, or bed tax, is a five percent tax collected on hotels, condos, and other short-term rentals south of Choctawhatchee Bay. It is the best way to gauge visitation and demand trends in South Walton. The revenue supports tourism marketing and beach operations efforts, including cleaning and maintaining beaches, lifeguards, destination improvements, and preservation initiatives.
Tourist Development Tax collection on short-term rental accommodations north of the Choctawhatchee Bay totaled $17,537.87 for January 2023. Collections for December represent a 7.58% increase, or $1,235, compared with the previous year.
The Tourist Development Tax, or bed tax, is a two percent tax collected on hotels, condos, and other short-term rentals north of the Choctawhatchee Bay. It is the best way to gauge visitation and demand trends.
