Third-degree theft. The item in question is valued at less than $250. This is considered a gross misdemeanor. If convicted of a gross misdemeanor, you can be given a maximum sentence of 365 days in jail and/or a $5,000 fine. Second-degree theft. The item in question is valued at more than $250 but less than $1500. This is considered a Class C felony. If convicted of a Class C felony, you can be given a maximum sentence of 5 years in jail and/or a $10,000 fine.
First-degree theft. The item in question is valued at more than $1500. This is considered a Class B felony. If convicted of a Class B felony, you can be given a maximum sentence of 10 years in jail and/or a $20,000 fine.
