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Berrien County treasurer briefs board on Michigan Supreme Court ruling in Pung v. Isabella County
Summary
Treasurer Shelly Weich updated the Board that the Michigan Supreme Court rejected a fair-market-value standard for tax-foreclosure sales in Pung v. Isabella County, concluding the takings clause is satisfied by the price obtained at the tax sale; the briefing was informational to the Board.
Treasurer Shelly Weich updated the Finance Committee and Board on a recent Michigan Supreme Court decision, Pung v. Isabella County. Weich told the Board that the Court rejected the use of fair market value as the benchmark in tax-foreclosure sales and instead concluded that the 'takings clause' is satisfied by the price obtained at the tax sale. The minutes record the Treasurer's explanation as an informational briefing for the Finance Committee; the update was intended to advise commissioners on legal context affecting tax-foreclosure procedures.
