Quite the contrary, at least with austrian police. My pedelec (e-bike, worth around 4.000 €) got stolen at 3am a while ago and it had a GPS tracker.
I called the equivalent of 911 and briefly explained. The said: "wait, we pick you up", and in the same moment I hear sirens a few streets later heading in my direction. What followed was out of a movie. We raced with emergency lights to the current location, constantly updading other units on the current position. We must have missed the thief only by seconds and found construction containers where the signal was coming from. The police said they would call the construction companys 24h contact and open the containers with them, but I could go home for now.
One hour later the GPS tracker said the bike was moving again. I called again and the operator of emergency services said "didn't you call before?" and they picked me up again. When we arrived at the - now outdoor - location of the bike, there were 5 police cars and 15 police around it, but no thief, it was locked to a regular bike stand. They called in the equivalent of SWAT to open the lock and I got my bike back. They took fingerprints of the lock and luckily the thief stopped at an residential address for a minute or two, so we figured that might be the home address. Investigation is ongoing.
I could more or less prove that I was the owner by having the dealers invoice, serial number and pictures on my phone btw.