Times of IndiaLean R·
A Michigan family lost a home of $194,400 over a $2,242 tax bill; the county sold it for $76,008
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.
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