What counts as a lot or parcel for property taxes

"Lot" or "parcel" means any subdivision of land which is separately shown and assigned an individual tax map key number in the records of the Department of Taxation of the state; and in cases where the land is submitted to a horizontal property regime pursuant to chapter 514 of the Hawaiʻi Revised Statutes, each apartment and the common interest appertaining thereto shall be subject to assessment pursuant to this article in like manner as other parcels of land, for which purpose, including making amendments of assessments pursuant to chapter 14.54 , each such apartment shall be deemed to be the same percentage of the total frontage or total area, or both, as the case may be, of the regime which is subject to assessment, or was assessed in the case of making amendments of assessments, as the percentage of the undivided interest in the common elements appertaining to such apartment. (Ord. 801 § 1 (part), 1974: prior code § 25-1.3(g))