The long-empty, blighted property at 1155 Peachtree Street in midtown Atlanta will have a new, multi-million-dollar property tax imposed on its owner.
For the first time, the Atlanta City Council approved use of its 2024 blighted property tax provision to increase property taxes on the gutted tower by 25 times due to what city officials say is its level of neglect.
Channel 2 Action News reported on the status of how the city has used its blight tax provision since it was implemented in 2024. A recent audit showed it hadn’t been used a single time since being passed…