Hi, Taxes are based on assessed market value by the town. Unfortunately the assessments are not reviewed on a yearly basis or often at all for that matter. Typically the taxes get disputed when the market changes drastically or homes sell. This home may qualify for a tax grievance but only the assessors office can tell you. Tax grievnace day is typically the third Tuesday in June and you will get a response in the fall. They review the dispute and decide whether it qualifies for a reduction. The seller can start the process if the home is selling and if not complete before it transfers the buyer can take over. You can start by finding out the assessed value and camparing it to the list price. Call the assessors office or better yet visit them to get this info. Hope this helps!
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