Tourist Development Tax collection showed a 6.43% increase in South Walton for June 2024 compared with the previous year. Total collections for June 2024 in South Walton were $11,902,523.69. FY 24 Year-to-date (Oct. - June) South Walton collections are up 2.97%.
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, employing lifeguards, destination improvements, and preservation initiatives.
Tourist Development Tax collection on short-term rental accommodations north of the Choctawhatchee Bay totaled $40,209.26, for June 2024. Collections for June represent a 5.78% decrease, or $1,643.30, compared with the previous year. FY24 Year-to-date (Oct. - June) North Walton collections are down 8.77%.
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.
As of Aug.1, the number of active rental units in South Walton was 19,694 and North Walton was 812 for a total of 20,506.
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, employing lifeguards, destination improvements, and preservation initiatives.
Tourist Development Tax collection on short-term rental accommodations north of the Choctawhatchee Bay totaled $40,209.26, for June 2024. Collections for June represent a 5.78% decrease, or $1,643.30, compared with the previous year. FY24 Year-to-date (Oct. - June) North Walton collections are down 8.77%.
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.
As of Aug.1, the number of active rental units in South Walton was 19,694 and North Walton was 812 for a total of 20,506.