In re Assessment of Taxes, Wilder

OPINION OF THE COURT BY

FREAR, C.J.

The question is solely one of valuation of a residence lot, exclusive of improvements, having a frontage of 400 feet on each of the parallel streets Pensacola and Piikoi in Honolulu, and a depth of 600 feet from street to street. The taxpayer returned it at $20,000, the assessor assessed it at $30,000 and the tax appeal court on the taxpayer’s appeal placed the value at $24,000, from which valuation the assessor now appeals.

The lot slopes down from Pensacola street towards Piikoi street. It was assessed at $35,000 the year before, but on appeal the tax appeal…