Property taxes and home equity are in the news because the U.S. Supreme Court just heard oral arguments in a case involving the sale of a 94-year-old Minnesota woman’s home for overdue property taxes. The court’s ruling in Tyler v. Hennepin County will come this summer and could be important for millions of homeowners across the United States.
- More than a dozen states can seize your home and sell it to cover your property tax bill while pocketing the profit from your surplus home equity.
- The Supreme Court will decide whether that approach violates the U.S. Constitution’s 5th Amendment guarantee of just compensation or the 8th Amendment ban on excessive fines.
