City Leaders Voted 5-0 Monday To Approve A 5% Real Estate Tax Increase On The Former Virginia Intermont College Property In Hopes Of Spurring Action From The Owner The Increase Applies To 14 Parcels On The Moore Street Campus, Designated As Blighted By The City’s Appraiser Under State Law The Increase Raises The Assessment From $1.17 To $1.22 Per $100 Of Assessed Value It Will Take Effect In 30 Days The Owner, U.S. Magis, Owes Over $430,000 In Delinquent Taxes Mayor Becky Nave Said The Vote Is Part Of A Series Of Measures To Get The Owner’s Attention.