The point at which a theft offense transitions from a misdemeanor to a more serious crime depends primarily on the value of the property stolen. States define this threshold in their legal codes. For example, stealing merchandise valued at $400 might be a misdemeanor in one jurisdiction, while stealing merchandise worth $1,000 or more could be classified as a felony.
Understanding this legal distinction is crucial because felony convictions carry significantly harsher penalties, including imprisonment for more than one year, substantial fines, and a permanent criminal record. Historically, the felony/misdemeanor distinction reflected the perceived severity of the offense and the potential harm to society. This categorization impacts sentencing guidelines and the long-term consequences for individuals convicted.