No evidence to support your arguments:
- Make sure you provide your own evidence to show the negative factor reduces your property value.
- We will not do the research for you or BC Assessment.
Even we agree that buyers may pay less for your property, you still need to show how much less.
Listings:
Listings of properties for sale are not good evidence on negative factors:
- The problem with a listing is we do not know the property's selling price until it sells. The selling price might be quite different from the asking price in the listing.
- You should look for sales of properties that are very similar to your property. See researching evidence for a negative factor.
Wrong method:
If you are estimating how much the negative factor reduces your property value:
- Do not subtract this amount from the assessed value. BC Assessment may argue the assessment already takes into account the negative factor.
- It is better to find the market value of your property (assuming it did not have the negative factor). Then, subtract the amount for the negative factor. See researching evidence for a negative factor.