U.S. Supreme Court: "Just compensation" from tax sale is auction sale price, not fair market value
Clarifies that just compensation for a fairly conducted tax foreclosure sale is the actual auction price rather than hypothetical fair market value.
The U.S. Supreme Court today held that "just compensation” for purposes of the Takings Clause of the Fifth Amendment, from a tax sale that is fairly conducted, is the auction sale price, not the sold property’s hypothetical fair market value.
The case is: Pung v. Isabella County, No. 25-95 (S. Ct. June 23, 2026). Read the Court’s opinion