Mixed use, commercial and residential can be difficult to assess, especially if it's not common in the area.I'm not familiar with RE issues in BC, but I'm familiar with pro forma accounting and financial issues.You may be able to take another team approach to this project with other professionals and consolidate or manage the findings of your experts as needed.

With $210 a month, you're looking at 2.5% assessed at $100k, less than what you are paying for!

Wow.Is there any chance of an assessment and the taxes going up?

If you can get a good inspection you'll be ready to make a better assessment of the value.

Zillow and other internet valuation sites use a math formula based on assessed values, recent sales and zip codes.

Tax rate around here is around 1%...if you purchase the property, the assessed value should equal the purchase price...even if taxes are 2-3% you're looking at 800-1200.

What is the tax assessment and tax bill?

You have to dig in to their guarantees and assets and sales history to assess the risk.You counting on getting 80% ltv on your house is also a mistake.

@David Beard - I agree with your assessment, and thanks for linking that calculator.

The town has the house assessed at $212k and the taxes are $6500/year.