Normally the assesment made by the town and the purchase price of the property do not intervene with each other. If theproperty is appraised for less than the tax assessment, you can file an adjustment with your town, but, that does not mean that the property taxes will decrease (the towns don't give back easely).

And listed, sold and assessmant are all individual values that have nothing to do with each other.
Lisitng (what the seller thinks he can get) Not the value.

If I can help you find something in the area, please contact me.

Hi Marcia,

Once the home sells, the new owner can appeal the taxes. In most towns in our area, the taxes are assesed sometimes as much as 2 years back for sales. In many towns and cities in Massachusetts, assessment is not reflective of fair market value. A call to Norwood Assessors office is your best bet. Any other questions, give me a call at 508-846-2202. Thank you.

Check with your local tax assessor.

In many/most cases, the tax assessment will change to the latest purchase value. If it doesn't, then the tax assessment can be appealed. So long as the transaction was an arms-length transaction (not a parent selling a property to a child at a reduced price, for example), the sale is very strong evidence of the true value of the property.