Tourist Development Tax collection showed a 50.76% increase in South Walton for August 2020 when compared at an equal collection rate as the previous year. Total collections for August 2020 were $5,504,845.
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.
September was busy and it seems to have slowed from the previous weeks now. Still seems like we may have more than usual for this time of year.
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