Receiving stolen property in the third degree involves property valued at what range?

Receiving stolen property in the third degree typically involves property that has a value exceeding $500 but not exceeding $1499. This range categorizes the severity of the offense, as the value of the property often influences the degree of the crime in legal statutes.

The rationale behind establishing specific value ranges is to differentiate between various degrees of crime, where higher-valued stolen property may be treated more seriously, reflecting the potential harm to victims and society. Thus, when property falls within the specified range of exceeding $500 but not exceeding $1499, it aligns with the legal definition applicable for third-degree charges.

This classification is consistent with laws designed to deter theft and encourage individuals to report stolen items, as there are potentially more significant repercussions for receiving higher-valued stolen property.