public property vs property

public property and property both are nouns.

Word	Noun	Adjective	Verb	Adverb
public property	Yes	No	No	No
property	Yes	No	No	No

As nouns, property is a hypernym of public property; that is, property is a word with a broader meaning than public property:

public property: property owned by a government
property: something owned; any tangible or intangible possession that is owned by someone

Other hypernyms of public property include belongings, holding.

public property (noun)	property (noun)
property owned by a government	any movable articles or objects used on the set of a play or movie
	a basic or essential property shared by all members of a class
	a construct whereby objects or individuals can be distinguished
	any area set aside for a particular purpose
	something owned; any tangible or intangible possession that is owned by someone