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reason.com /3 weeks ago

Supreme Court Issues Terrible Takings Decision in Pung v. Isabella County

The Court ruled that local goverments may pay compensation far below fair market value for property seized in tax foreclosures.

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reason.com /3 weeks ago

Fair Market Value Compensation for Takings is Often too Little, not too Much

Fair market value often fails to fully compensate property owners for their losses. This makes the Supreme Court's recent decision allowing compensation below fair market value eve...

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reason.com /3 weeks ago

The Government Seized Their $195,000 Home Over a $2,242 Debt. What Does the Supreme Court Say They're Owed?

The Pung family of Isabella County, Michigan, maintained they were entitled to fair market value. The high court disagreed, but with a twist.

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scotusblog.com /3 weeks ago

Justices reject constitutional attack on foreclosure rules

Updated on June 24 at 9:35 a.m. Tuesday’s decision in Pung v. Isabella County squarely rejects an argument that the longstanding use of tax foreclosure sales as a method to collect...

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jimersonfirm.com /1 week ago

Indian River Lagoon-South Project: SFWMD Takings in Martin and St. Lucie Counties

If you own land along the Treasure Coast, a letter from the South Florida Water Management District (SFWMD) can be unsettling. The District is acquiring thousands of acres in Marti...

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natlawreview.com /3 weeks ago

U.S. Supreme Court Narrows Post-Tyler Damages in Pung v. Isabella County

In a decision closely watched by local governments, tax-lien investors, and property owners nationwide, the United States Supreme Court just issued its long-anticipated opinion in...

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currentfederaltaxdevelopments.com /1 month ago

Valuation Extremes and the Rejection of Speculative Mining Use in Conservation Easement Deductions

Rising Rock Partners, LLC v. Commissioner, T.C. Memo. 2026-45, June 2, 2026 In a recent decision, the United States Tax Court addressed the limits of valuation methodologies r...

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