What value range qualifies theft of property in the third degree?

The value range that qualifies theft of property in the third degree is specifically set at greater than $500 but less than $1499. This classification reflects the legal distinction between different levels of theft, where the severity of the offense and the potential penalties involved often increase with the value of the property stolen.

In many jurisdictions, theft laws categorize offenses based on value thresholds. By defining third-degree theft in this manner, the law aims to address and differentiate less serious offenses from more severe ones, thereby providing a structured approach to prosecution and punishment. Recognizing and understanding these thresholds is critical for law enforcement and legal professionals, as they inform decision-making, investigation parameters, and the potential legal consequences that offenders may face.

In contrast, the other options refer to value ranges either too low (which might classify as petty theft), or too high (which would likely elevate the offense to second-degree theft or higher), thereby underscoring the importance of accurate classification based on established laws.