What crime involves the theft of property valued above a certain amount?

The crime that involves the theft of property valued above a certain amount is known as grand theft. This classification typically applies when the value of the stolen property exceeds a specific monetary threshold established by law, distinguishing it from lesser forms of theft, such as petty theft.

Grand theft serves to address more serious offenses, as the higher value of the stolen items often reflects a greater impact on the victim and society. Laws concerning the specific value that differentiates grand theft from petty theft can vary by jurisdiction. In most areas, grand theft might involve property valued at $500 or more, but again, this varies depending on the state or locality.

This distinction is important in law enforcement and legal contexts because it influences the severity of charges, potential penalties, and overall legal strategy when addressing theft cases.