The United States Supreme Court has made a landmark decision stating that tax sale compensation must be based on the auction price rather than the assessed value of a property. A family in Michigan, burdened with a $2,241.93 tax debt, faced foreclosure despite their home being valued at $194,400. With the auction yielding only $76,008, the family is rightfully awarded the remaining $73,766.07, reinforcing constitutional guidelines for future tax sales. The United States Supreme Court has made a landmark decision stating that tax sale compensation must be based on the auction price rather than the assessed value of a property. A family in Michigan, burdened with a $2,241.93 tax debt, faced foreclosure despite their home being valued at $194,400. With the auction yielding only $76,008, the family is rightfully awarded the remaining $73,766.07, reinforcing constitutional guidelines for future tax sales.
