The group's first release was the State Property soundtrack in January 2002, which served as both the soundtrack to accompanying film released that same month and the group's debut album.
After group head Beanie Sigel's incarceration in 2004, his relationship with the State Property camp went sour. Beanie criticized that the rest of State Property was not showing him support while he was in jail, saying no one except Oschino from his group came to visit him. When the Roc-A-Fella split occurred, he also made the decision to move State Property to Damon Dash's namesake record label, however the rest of the group opted to stay on Roc-A-Fella instead. Upon his release, Sigel released the album The B. Coming (2005).
Through Dame, Beanie declared State Property disbanded until further notice. In response, several members of the group began saying they never chose to be in the group and that they wouldn't have needed it to sell records. However, solo mixtapes by the group's members often feature their State Property cohorts. "State Property" is also the name of a clothing line bearing their group insignia, which was run by Sigel as a subsidiary of Rocawear.