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First degree: Theft of property exceeding $10,000 is a class ?C? felony. Second degree: Theft of property valued between $10,000 and $1,000 is a class ?D? felony. Third degree: Theft of property valued between $1,000 and $500 is an aggravated misdemeanor.
5. The theft of property not exceeding three hundred dollars in value is theft in the fifth degree. Theft in the fifth degree is a simple misdemeanor.
2. The theft of property exceeding one thousand five hundred dollars but not exceeding ten thousand dollars in value or theft of a motor vehicle as defined in chapter 321 not exceeding ten thousand dollars in value, is theft in the second degree. Theft in the second degree is a class ?D? felony.
A person commits theft when the person does any of the following: 1. Takes possession or control of the property of another, or property in the possession of another, with the intent to deprive the other thereof.
Petty theft vs. The difference between petty theft and grand theft is the value of the stolen property. You may be charged with petty theft for taking money or property valued less than $950. Petty theft is a misdemeanor and carries a maximum punishment of up to six months in county jail and/or a fine of up to $1,000.
Iowa Code § 714.1 (4), however, specifically defines theft as including a person who ?[e]xercises control over stolen property, knowing such property to have been stolen, or having reasonable cause to believe that such property has been stolen, unless the person's purpose is to promptly restore it to the owner or to ...
Theft in the first degree: The theft of property exceeding $10,000 in value. It is also considered theft in the first degree if you take from a building that has been destroyed due to physical disaster or rioting. This is a class C felony and punishable by up to 10 years in prison and a fine not to exceed $13,660.
Theft of property valued up to $200 is a simple misdemeanor. From $200 to $500 is a serious misdemeanor. From $500 to $1,000 is an aggravated misdemeanor. From $1,000 to $10,000 is a Class D felony, as is the theft of an automobile or motorcycle.