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 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.
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.