Similar, not always the same. Property tests generally work at the interface of a system (either down to the function/procedure level or higher level) where you specify a description of the inputs and test the outputs satisfy some property or set of properties.

This will look a lot like what you do with formal verification at the same level. Formal verification tools can go deeper, though, like answering questions about the state of the system internal to a computation. Like "I have this loop invariant, can I prove (or have a system prove) that it actually holds across all iterations?" or "Can I prove that while doing this computation there is never underflow/overflow in any intermediate computation?" The former could be done with property testing if you pull the loop kernel out into its own procedure and then test the invariant property by executing the kernel with a large number of intermediate states. The latter is harder to do without really, really tearing your program apart down to the level of making each line separately executable.