The U.S. Supreme Court will consider on Feb. 25 how the compensation a local government owes to someone whose property was foreclosed on for non-payment of taxes should be calculated when the home is sold.
Specifically, the justices will look at whether the U.S. Constitution requires local governments to compensate homeowners based on the fair market value of a property seized for tax arrears, or merely refund the surplus left over from a government auction.
