Is new tax assessment automatic after sale?

[Philip Watts]

I’ve come across a multi family for sale that works for cash flow but it seems the taxes are on an assessment around half what it’s likely to sell for. I haven’t had the experience in buying a place with that much of a gap and I’m not remembering if I should expect taxes to immediately jump to the sale price level. This is western Massachusetts so it’s already pretty steep.

Additionally, Is there any way to do some homework to find out if it’s likely or automatic for this town?

Thanks