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Tourist Development Tax collections May 2022

Jen avatar
JenBeach Fanatic
2,827 views
Tourist Development Tax collection showed a 3.07% decrease in South Walton for May 2022 compared with the previous year. Total collections for May 2022 were $6,028,822.95.

The Tourist Development Tax, or bed tax, is a five percent 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 $23,772.45 for May 2022. May's collections represent a 26.91% decrease compared with the previous year.

The Tourist Development Tax, or bed tax, is a two percent 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.

Replies

13
30A Skunkape avatar
30A SkunkapeSkunky
#2
:clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap::clap:
bob bob avatar
bob bobBeach Fanatic
#3
A drop is noteworthy news, especially with the pace they've been building new rentals.
Matt J avatar
Matt JSWGB
#4
A drop is noteworthy news, especially with the pace they've been building new rentals.

Not really, one has to simply look at the circumstances. May is normally a slow month, however last year was nuts because so much was still closed and people were finally redeeming the previous summers cancelations. June will be a record breaker.
30A Skunkape avatar
30A SkunkapeSkunky
#5
Matt J, I’ll bet you a Josh McLeanburger June is down this year versus last. Felt like it to me.
Dawn avatar
DawnBeach Fanatic
#6
Matt J, I’ll bet you a Josh McLeanburger June is down this year versus last. Felt like it to me.
Heard that from rental companies. Last summer was nearly full all summer. An unusual summer with people mad to get outdoors and not wanting to get on airplanes.
Matt J avatar
Matt JSWGB
#7
Matt J, I’ll bet you a Josh McLeanburger June is down this year versus last. Felt like it to me.

I'll take that bet, even though Mcleanburgers are terrible. All filler and no substance.
bob bob avatar
bob bobBeach Fanatic
#8
Matt J, I’ll bet you a Josh McLeanburger June is down this year versus last. Felt like it to me.
Tourist Development Tax collection showed a 16.58% increase in South Walton for June 2022 compared with the previous year. Total collections for June 2022 were $11,270,295.19.
30A Skunkape avatar
30A SkunkapeSkunky
#9
Tourist Development Tax collection showed a 16.58% increase in South Walton for June 2022 compared with the previous year. Total collections for June 2022 were $11,270,295.19.
Since I made this bold bet I learned how much it now costs to rent a house for a week here. We are the ‘must go to’ destination for Texans and southerners with money but no passport.
Matt J avatar
Matt JSWGB
#10
Since I made this bold bet I learned how much it now costs to rent a house for a week here. We are the ‘must go to’ destination for Texans and southerners with money but no passport.

It's all good, you have your progressions and I have mine. I'll pass on the spam and hair loaf, you've always been more than gracious having us to the annual crawfish oyster orgy.
James BentwoodBeach Fanatic
#11
Since I made this bold bet I learned how much it now costs to rent a house for a week here. We are the ‘must go to’ destination for Texans and southerners with money but no passport.
Perhaps you meant NoWal:

Tourist Development Tax collection on short-term rental accommodations north of the Choctawhatchee Bay totaled $30,321.69 for June 2022. June's collections represent a 25.14% decrease compared with the previous year.

What do you want to bet that NoWal gets more than $30,321.69 to spend in DeFuniak Springs?
30A Skunkape avatar
30A SkunkapeSkunky
#12
Perhaps you meant NoWal:

Tourist Development Tax collection on short-term rental accommodations north of the Choctawhatchee Bay totaled $30,321.69 for June 2022. June's collections represent a 25.14% decrease compared with the previous year.

What do you want to bet that NoWal gets more than $30,321.69 to spend in DeFuniak Springs?
They will surely turn this around when they open up that tractor museum.
Matt J avatar
Matt JSWGB
#13
They will surely turn this around when they open up that tractor museum.

My in-laws are super stoked!
Big GeorgeBeach Lover
#14
A drop is noteworthy news, especially with the pace they've been building new rentals.
That’s exactly why there is a drop, too much inventory creates price reductions. Plus you had Covid 2 years so you had the two best years in Emerald Coast history. 3% is actually not a bad drop.
Will be interesting to see the numbers for summer.

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