Newly released: the Federalist Society’s “Courthouse Steps” series covers Pung v. Isabella County, where the U.S. Supreme Court held that “just compensation” for Tyler takings is usually measured by the surplus after a tax sale and not fair market value of the property, unless the tax sale process is unfair or skewed. Here’s the description of the program:
In Pung v. Isabella County, the U.S. Supreme Court rejected claims under the Takings Clause and Excessive Fines Clause that the Constitution required compensation based on the property’s fair-market value, holding instead that surplus auction proceeds are the proper measure when the tax sale is fairly conducted. The decision preserves traditional tax-sale systems while leaving room for future challenges to unfair foreclosure procedures. Join us for a webinar breaking down the decision and its impact. Featuring: Prof. Ilya Somin, Professor of Law, Antonin Scalia Law School, George Mason University Deborah J. La Fetra, Senior Attorney, Pacific Legal Foundation.
Moderated by Cameron Westbook.
Definitely worth your time.