§246-18 Special tax assessment. Any property classified as wasteland development property by the director of taxation shall be, for a period of five years, assessed for real property tax purposes at its value as wasteland. The five-year period shall commence from January 1 of the year following the approval of the application. [L 1965, c 255, §7; Supp, §128-9.36; HRS §246-18; am L 1969, c 170, §6; am L 1975, c 157, §8]
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