"Slices of 30A"

Walton County Tourism Growth on Both Sides of the Bay

The Tourist Development Tax (TDT), often referred to as the "bed tax," has played a vital role in South Walton, Florida, since its inception. Established to promote and support tourism, the bed tax is a levy on short-term rentals, including hotels and condos, funding essential services like beach maintenance, lifeguards, and marketing efforts.

Over the years, the bed tax has seen adjustments to match the area's growing demand. Initially set at 2%, the tax has increased as tourism boomed. By 2024, it stood at 5% for South Walton and 3% for North Walton, reflecting the region’s diverse tourism dynamics. These funds help ensure the natural beauty and hospitality of Walton County remain a strong draw for visitors.

In August 2024, South Walton's TDT collection reached $5.7 million, a 4.35% increase compared to the previous year. North Walton saw a 5.38% rise, demonstrating consistent growth across the area. This upward trend in collections indicates robust tourism activity, driven by both repeat visitors and newcomers drawn to the region’s beaches, parks, and vibrant community.

As of October 2024, over 19,000 active rental units exist in South Walton, and North Walton was over 800. Tourism continues to be a significant economic driver. The revenue from the bed tax ensures the area's sustained growth while preserving the environment that makes Walton County a top destination.

This consistent bed tax growth reflects the importance of tourism in maintaining and enhancing the county’s appeal, with initiatives that benefit both residents and visitors alike.