How have courts in BC considered the value of a property assessment in a family law case?
British Columbia, Canada
The following excerpt is from Cowichan Tribes v Canada (Attorney General of Canada), 2021 BCSC 2520 (CanLII):
In the recent family law case of James v. Chase, 2020 BCSC 1181, Justice Verhoeven declined to rely on the property assessment to assess reduction in property value for the purpose of dividing assets. He said at para. 25: The B.C. Assessment notice is not a reliable indicator of actual market value. There is no suggestion that any actual inspection or onsite appraisal was made. The assessment is based, as we know, on some kind of formula having to do with the values of other properties.
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