According to the classical electrodynamics - it sure does. From the quantum mechanical point of view, it also does - in the sense that we can always measure it (i.e. it is an observable). The "property" in this case is not so much a particular outcome of such measurement as much as the expectation value; actually, I'm afraid that the use of the word "property" in this context can only lead to confusion as it effectively conflates several different things: the (quantum-mechanical) state, the observable, and the particular value observed.