On June 23, 2026, by unanimous decision, the Supreme Court determined that for real estate the requirement of “just compensation” is met by the “price obtained in a tax sale, at least when the sale is fairly conducted in light of our country’s history of tax sales.” In these circumstances, the taxing authority does not have to pay the fair-market value of the property. Pung v. Isabella County, 609 U.S. ----, 146 S. Ct. 1964, 1967 (2026).