July 8, 2026
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10:16Now PlayingThe Pung family owed $2,241.93 in back property taxes. Their home in Isabella County, Michigan was worth about $194,400. The county foreclosed and sold it at auction for $76,008 — and on June 23, 2026, the Supreme Court ruled that fire-sale price, not the home's real value, is all the "just compensation" they're owed.
That's roughly $118,000 in equity erased over a $2,200 tax bill. And here's the part nobody's talking about: the ruling was unanimous.
Every justice, left and right, agreed. Here's how a protection the Court promised in 2023 just got quietly narrowed, why it comes for retirees and working families first, and why the fight to fix it is in your county building — not Washington.
SOURCES:
SCOTUSblog — "Justices reject constitutional attack on foreclosure rules"
The Hill Opinion: “It’s not ‘just’ to erase someone’s home equity”
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