Tourist Development Tax collection showed a 6.54% decrease in South Walton for February 2024 compared with the previous year. Total collections for February 2024 in South Walton were $1,490,049. Year-to-date for FY24 (Oct - Feb), South Walton collections are up 0.14%.
The Tourist Development Tax, or bed tax, is a 5% 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 $25,084.65 for February 2024. Collections for February represent a 16.16% decrease, or $3,222.89, compared with the previous year. Year-to-date for FY24 (Oct - Feb), North Walton collections are down 10.22%.
The Tourist Development Tax, or bed tax, for the reporting period is a 3% 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.
