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Supreme Court denies Michigan family's home theft claim
The U.S. Supreme Court unanimously ruled that, under the Fifth Amendment, property seized and sold in tax foreclosures need only be compensated based on the sale price, not the property's fair market value. The case involved the Pung family in Michigan, whose home was foreclosed over a disputed $2,241 tax bill and sold at auction for significantly less than its worth. The court reaffirmed that creating a fair-market-value baseline would impose impractical burdens on local governments, leaving unresolved claims about procedural fairness, which will be reconsidered by lower courts.
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