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1.
Division of the rap industry label, Rocafella (Jay Z's label). State Property members are all originally from Philly. See below for its members.
Freeway
Oschino & Sparks
Young Gunz (Young Chris and Neef)
Peedi Crakk

(Also the leader of State Property is South-Philly native, Beanie Sigel (Dwight Grant)
by Skario May 12, 2004
 
2.
1)A record label which in turn is also part of Roc-a-Fella Records. State Property members are all originally from Philadelphia. Members include Beanie Sigel, Freeway, Peedi Crakk and many others.

2)A urban/gangster movie starring Beanie Sigel and featuring other members of State Property . This film has been criticized by many for seemingly lacking a plot, containing a jumpy story line, and not being a very good movie in general.
1) "Yo, that new State Property joint is playing all over the local rap station, Power99 FM."

2) Q. "Yo, remember the first State Property movie?"

A. "Yeah it was wack. but the next one is supposed to be alot better.
by crack cat May 26, 2009
 
3.
Absolutely the sorriest movie made to show people how the hood is, this shows why Roc-A-Fella is really good for nothing but its rappers(Jay-Z, Freeway, and Jim Jones)
I don't want to see State Property 2 if it is worse than its counterpart, the original State Property.
by *Wonderboy Marvel* July 28, 2003