King Street business owners who want to be excluded from a new taxing district for the street will have the opportunity to opt out this week.
Charleston City Council will host a meeting at 5 p.m. May 17 at city hall to hear objections from business owners. The meeting is part of the standard approval process for a special taxing district.
The Business Improvement District will place an additional tax on all commercial property owners on King between Broad and Line streets. Proponents of the district stress the proposed tax, called an assessment, is based on property value and will not increase the overall bill for a commercial property owner by more than 4 percent.