Tourist Development Tax collection showed a 53.15% increase in South Walton for September 2020 compared to the previous year. Total collections for September 2020 were $3,794,493. The Tourist Development Tax, or bed tax, is a 5% tax collected on hotels, condos and other short-term rentals. It is the best way to gauge visitation and demand trends in South Walton. The revenue supports tourism marketing and beach operations including cleaning and maintaining beaches, lifeguards, destination improvements and preservation initiatives.