ASIS International (ASIS) Professional Certified Investigator Practice Exam

The classification of theft often varies by jurisdiction, but generally, third degree theft typically involves property with a value less than $500. This categorization reflects a legal framework that differentiates theft based on the value of the items taken, with more severe classifications reserved for greater amounts.

In many jurisdictions, theft of items worth less than $500 is regarded as a less serious offense, which aligns with the legal principles that aim to proportionately penalize crimes based on their severity and impact. Higher degrees of theft, such as first and second degree, generally apply to higher value amounts or circumstances that elevate the crime (such as using a weapon or targeting a vulnerable person). Fourth degree theft is sometimes used in specific jurisdictions but often refers to lesser offenses not typically tied to a strict theft classification.

Thus, identifying third degree theft with a threshold of less than $500 is consistent with the legal standards in many areas.