What type of liens are real estate property taxes, special assessments, and federal estate tax liens classified as?

Real estate property taxes, special assessments, and federal estate tax liens are classified as superior liens due to their priority over other types of liens. This classification signifies that these liens take precedence in terms of payment if the property is sold or foreclosed upon.

Superior liens are integral in protecting the interests of governmental entities and ensuring that property owners meet their tax obligations. For instance, if a property owner fails to pay real estate taxes, the government has the right to foreclose on the property, ultimately recouping the owed taxes.

In contrast, other types of liens, such as junior or subordinate liens, would come into play after superior liens have been settled. Junior liens may include mortgage liens and mechanics' liens, which are subordinate to the priority established by superior liens. Equitable liens are generally based on fairness and arise in specific circumstances, such as agreements, but do not have the same priority as superior liens concerning tax obligations. Understanding this classification is crucial for real estate professionals in assessing the risk and priority of various financial obligations associated with a property.