§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]