"Bottom line: If you own property, and the government wants that property --- you're screwed"
Actually, you never really OWN property here in the US. You "Buy" the right to use it, with restrictions. If you stop paying property taxes, you break the contract with the government and lose your use of the property.
We can debate what it means to 'own' but your point is better put in the context of how people in government agencies view property 'owners'.
I know for a fact as I have heard them whisper that property 'owners' are viewed as 'tenants' because tenants come and go whereas government goes on forever.