In Re Taxes Waialua Agricultural Co.

OPINION OP THE COURT BY

PERRY, C. J.

The Waialua Agricultural Company, Limited, returned its property for taxation as of January 1, 1927, at a valuation of $4,600,000. The tax assessor assessed the property at $7,573,353, but in the tax appeal court admitted certain errors in its computations and there placed a valuation of $6,145,934 on the property. The tax appeal court rendered a decision valuing the property at $5,790,633.92. The taxpayer in the tax: court claimed that the true value of the property was $4,007,393 and in this court claims the value to be $4,435,000. Both parties appealed…