At the time of the Founding Fathers, Benjamin Franklin and Thomas Jefferson were in agreement about playing down the protection of property. Franklin saw property as a "creature of society"[1]. This is why they changed the language of the Declaration of Independency to "life, liberty and the pursuit of happiness". The last is not meant to be a stand-in for "property" or "estate," it actually derives from a separate clause in the Virginia Declaration of Rights[2]: "life and liberty, with the means of acquiring and possessing property, and pursuing and obtaining happiness and safety." Jefferson intentionally dropped the property clause in the Declaration of independence, reflecting how he saw property: not an inalienable right.
Entering into the early US, the majority of fiscal revenue was based off of taxing property (there was no income tax). This aligns with Franklin and Jefferson in basically saying that the state has a claim to the property that is possessed by citizens.
[1] https://en.wikipedia.org/wiki/Life,_Liberty_and_the_pursuit_... [2] The Virginia Declaration of Rights was an influence on Jefferson's Declaration of Independence https://en.wikipedia.org/wiki/United_States_Declaration_of_I...