Supreme Court Defines 'Just Compensation' in Tax Sales

The Supreme Court has ruled that compensation for property sold in a tax sale should be based on the auction price, not the fair market value, assuming the sale was conducted properly. This decision from *Pung v. Isabella County* also clarified that the Eighth Amendment's Excessive Fines Clause does not provide additional protections in such cases. The ruling establishes a precedent for how property owners are compensated following tax sales.