What is the penalty for theft involving property valued at $1,500 or more?

The penalty for theft involving property valued at $1,500 or more is classified as a Third Degree Felony. In many jurisdictions, including Texas, the legal framework establishes different thresholds of property value that determine the severity of the offense. When the value of the stolen property reaches or exceeds $1,500, it is considered a serious offense, moving the classification from misdemeanor status into felony territory.

Third Degree Felonies typically carry significant penalties, which can include lengthy prison sentences and substantial fines. This classification is designed to address the seriousness of theft in this value range, reflecting the potential harm to individuals and businesses as well as the impact on community safety. Understanding these thresholds is crucial for law enforcement and related professionals to ensure accurate legal proceedings and appropriate application of justice.