According to some residents, the early inhabitants named this peaceful village "Taloto", because of the abundance of house lizards called "taloto". Some residents recalled that long ago, along the seacoast of the barrio grew big trees locally called "toto". As years passed, the place was also called "toto' which developed into "taloto". As to the exact origin of the name of the barangay, nobody could exactly determine.

Talking of history, Barngay Taloto is not an exception for it has its own history. For someone who had treasured experiences in Barnagay Taloto, it is a place beyond forgeting. Based from research made by Historian Engr. Jes B. Tirol, the name TALOTO comes from the Bisayan word "taloto" - a kind of tree where its flowers is sought after by bees. It is a medicinal tree with its bark used to ease body pains. The scraping of the interior of its bark when applied cold over sprains of the body, disjointed bones, and over irritated tendons and arteries would ease the pain or wound.

The most interesting revelation as extracted is the information which is unknown to many of the Talotoanons about our National Hero Dr. Jose P. Rizal who visited the place and slept for at least one night at the house of Don Andres Peñaflor and traited the eye ailment of one of the resident. When Tagbilaran became the capitol town of Bohol in 1854, Taloto was one of its Barrio which comprised Taloto, Ubujan and Manga.