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Property OwnershipLiensMEDIUM

Which type of lien generally holds the highest priority regardless of recording date?

Correct Answer

B) Property tax lien

Property tax liens hold the highest priority of all liens, superseding all other liens regardless of when they were recorded. This is true in Maine and in most states. Even a first mortgage recorded before a property tax lien arises will be subordinate to the property tax lien. This ensures that government tax obligations are satisfied first in any foreclosure or sale.

Answer Options
A
Mortgage lien
B
Property tax lien
C
Mechanic's lien
D
Judgment lien

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Deep Analysis of This Property Ownership Question

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Background Knowledge for Property Ownership

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Related Topics & Key Terms

Related Topics:

super-prioritytax-lien-certificateMaine-tax-process

Key Terms:

tax lienhighest prioritysuper-priorityMaine

Related Concepts

A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.

A life estate is a freehold estate that grants ownership rights for the duration of someone's life.

Real property is immovable land and anything permanently attached to it, while personal property (also called chattels) is movable.

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