What is defined as property owned or leased by the state or a political subdivision?

The correct choice is public property, which is defined as property owned or leased by the state or a political subdivision. This includes land, buildings, and facilities that are operated and maintained by government entities for the benefit of the public, such as parks, schools, and government offices. Public property is essential for providing various services to the community and is funded by taxpayer dollars, ensuring that it serves the interests of all citizens.

Private property, on the other hand, refers to land or belongings owned by individuals or corporations, not the government. Commercial property is specifically intended for business use, such as retail spaces or offices, while residential property is designated for living purposes. Understanding these definitions is crucial for those involved in public policy, law enforcement, and urban planning, as they often intersect with various regulations and community services.