Defense of Property:
The right of a person to protect one's property with reasonable force against another person who is threatening to infringe on one's possessory interest in such property.
Where a defendant is on trial for criminal assault or battery, he may argue, in certain instances, that he reasonably believed that his actions were necessary to defend his property from the victim. However, as we will see, the use of force to protect property is much more limited than the right to use force to protect oneself or other people.
It is important to remember that deadly force can never be used simply to defend property against someone else’s interference with that property, even if that interference is unlawful and even if there is no other way to prevent that interference. See State v. Metcalfe, 212 N.W. 382 (Iowa 1927). Please note, however, that deadly force may be used where the facts also support another privileged use of force.
SOURCE: Lawshelf
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There are exceptions - particularly in regards to one's home (e.g. states with Castle laws) - but outside of your house, shooting someone stealing your ten-speed bike, for example, will land you behind bars.