In Pung v. Isabella County (June 23, 2026), the United States Supreme Court clarified a foundational rule governing tax‑sale takings: “just compensation” is measured by the actual auction sale price—not the property’s hypothetical fair market value—so long as the tax sale is fairly conducted in light of the Nation’s historical tax‑sale practices. The Court emphasized that for centuries, governments have used tax foreclosure and public auction as a lawful method of collecting