Bed Tax Reveals Rental Revenue Up 87% in South Walton

As you may know, every time someone rents a short-term vacation rental in South Walton County there is a 5% Tourist Development Tax or what is commonly referred to as a “bed tax” collected. The revenue is used to support tourism marketing and beach operations including cleaning and maintaining beaches, lifeguards, destination improvements and preservation initiatives. The best measure of tourism in South Walton is occupancy levels that come from bookings of rental properties and by tracking the amount of tax collected, we can use that data to chart the history and trends of the rental market.
According to the data August 2021 South Walton collections were 34.26% higher than August 2020.  Comparing August 2021 to August 2019 South Walton collections were up 102.3%.  When comparing year-to-date totals the 2021 South Walton collections total to date are 87.16% higher than the 2020 collections were at this reporting time.

If you are considering purchasing a home or condo, I have been analyzing the best income-producing properties in all price ranges from Destin to 30A for over 10 years and I will be happy to get you income and cost of ownership information for any property. Call me 850.502.3422 or email me  Cathy@BeachfrontPropertyExperts.com

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