Anticipating the Justices' Potential Ruling on Tax Takings

Real Estate attorney Alexander Lycoyannis and State and Local Tax (SALT) attorney Jennifer Karpchuk co-authored a Law360 article examining the U.S. Supreme Court's pending decision in Pung v. Isabella County, a case that could reshape how courts measure just compensation in tax foreclosure cases. The authors explain that the dispute centers on whether property owners are entitled to surplus proceeds only from a foreclosure auction or must be paid fair market value when a government takes and sells property to satisfy a tax debt. The article highlights the potentially far-reaching implications for homeowners, tax collection practices, local governments and the secondary market for tax-foreclosed property.

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