In the context of theft of lost property in the second degree, what is the value range considered a felony?

The value range that is considered a felony for the theft of lost property in the second degree is set at exceeding $1500 but less than $2500. This range is significant because it marks the threshold where the legal system classifies the offense as a felony, which often results in more severe legal consequences compared to misdemeanors.

When property is lost and subsequently stolen, the law recognizes a higher potential to impose harsher penalties when the value of the property crosses this specific threshold. This classification serves to deter individuals from engaging in the theft of property that has substantial worth while also providing a clear guideline for enforcement and prosecution.

The choice reflecting exceeding $2000 but less than $2500 overshoots the lower boundary of the felony classification, and theft valuing less than $1500 would instead fall under a lesser category. Similarly, a value exceeding $2500 would classify the theft under a different set of legal parameters entirely, likely resulting in a higher felony charge. Understanding these distinctions is vital for assessing legal scenarios involving theft and the associated penalties.