About $15 for the sensor. I don't see the point of eliminating the functionality.

OP: you did too much work. Since you had black electrical tape in your hand, just put a piece of it on the dash board over the light. No more annoying light. Takes less than 5 minutes. Or just replace the sensor.

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2007 X3 3.0si, 6 MT, Premium, White

Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue