Tourist Development Tax for February 2025

[Jen]

Tourist Development Tax collection showed a 1.90% decrease in South Walton for February 2025 compared with the previous year, with $1,348,249.45 in total reported TDT.

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 $15,814.59. for February 2025. Collections for February represent a 36.96% decrease, or $6,180.04, compared with the previous year.

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 April 17, 2025 the number of active rental units in South Walton was 17,817 and North Walton was 840 for a total of 18,675

 

[grenville]

Thank you so much for the data for February along with the active rental units!

Question, the number you posted last February 2024 for South Walton was 1,490,049. The delta between this February and last February is more than 1.9%, is there an adjustment that I am missing to get to the 1.9% drop?

Thank you!

 

[Ken]

Thank you so much for the data for February along with the active rental units!

Question, the number you posted last February 2024 for South Walton was 1,490,049. The delta between this February and last February is more than 1.9%, is there an adjustment that I am missing to get to the 1.9% drop?

Thank you!

Good question - perhaps collections change from the initial reporting. Although you would expect them to go up with additional collections, there could be other accounting factors? @ShallowsNole may know.