What value of property defines first-degree theft?

First-degree theft is typically classified according to the value of the property stolen. In many jurisdictions, including Maryland, which often serves as a basis for understanding these legal definitions, first-degree theft involves the theft of property valued above a certain threshold. In this case, the value that defines first-degree theft is over $2,500.

This classification reflects the seriousness of the offense; the higher the value of the property, the greater the potential for harm and the more severe the legal consequences. First-degree theft is treated as a felony, which carries heavier penalties compared to theft of lower-valued property. Values over $1,500 do not meet the specified threshold for first-degree theft, while anything under $500 would generally be considered a lesser offense, often termed petty theft or misdemeanor theft. Therefore, a value exceeding $2,500 clearly establishes the theft as first-degree, aligning with the legal definitions in the relevant statutes.