§246-2  Tax base and rate.  Except as
exempted or otherwise taxed, all real property in each county shall be subject
each year to a tax upon sixty per cent or less of its fair market value
determined in the manner provided by law, at such rate as shall be determined
in the manner provided in section 248-2.  However, the director of taxation may
use as the tax base a lesser percentage of fair market value; if the director
does so the director shall certify to the county council the percentage so used
at the time the director furnishes the council the calculations as to the tax
base pursuant to section 248-2(d), and if the director does not do so the
director shall certify to the council that the director has used sixty per cent
of fair market value as the tax base.  Both as to the calculations as to the
tax base and also as to the percentage of fair market value used as the tax
base, the director's certificate to the council shall be conclusive insofar as
the validity of any tax rate is concerned, except for the right to appeal
assessments of real property as may be provided by law.  Whether the director
uses as the tax base sixty per cent of fair market value or some other
percentage of fair market value, no taxpayer shall be deemed aggrieved by an
assessment, nor shall an assessment be lowered, except as the result of a
decision on an appeal as provided by law. [L 1932 2d, c 40, pt of §21; RL 1935,
pt of §1921; RL 1945, §5139; RL 1955, §128-2; am L Sp 1957, c 1, §14(a); am L
1963, c 142, §1; HRS §246-2; am L 1976, c 228, §1; am L 1977, c 139, §1; gen ch
1985]



 



Note



 



  Section 248-2
referred to in text is repealed.



 



Case Notes



 



  "Fair market
value" defined.  33 H. 149.



  Cited:  33 H. 214; 33
H. 915.