In re Assessment of Taxes, Kapiolani Estate, Ltd.

OPINION OF THE COURT BY

PERRY, J.

This is an appeal by the taxpayer from valuations placed by the tax appeal court upon two pieces of land for taxation purposes for the year 1913.

*668One of the tracts, known as Uluniu, is situate at Waikiki, mauka of Kalakaua Avenue, and has a frontage of aboiit 968 feet on that highway and an area of 17.786 acres or 781,195 square feet. The land was returned in January, 1913, at a valuation of $50,000, and was assessed at $85,400. The valuation fixed by the tax appeal court was $77,339.62. The assessment for 1910 and 1911 was $40,000 and for 1912 $50,000.

The…