What dollar amount qualifies for Grand Larceny in the 4th Degree in New York?

Grand Larceny in the 4th Degree in New York is defined by the amount of property stolen. Specifically, this crime occurs when the value of the property exceeds $1,000. This delineation is critical because it establishes the threshold for what constitutes a felony charge rather than a misdemeanor.

Understanding the significance of this dollar amount is essential for recognizing the legal implications of theft offenses in New York. Under New York Penal Law, crimes are categorized with both monetary thresholds and specific degrees that carry different potential penalties. Thus, a theft involving property valued over $1,000 qualifies as Grand Larceny in the 4th Degree, while theft of property valued at $1,000 or less does not meet this criterion and would be classified as Petty Larceny, which is a misdemeanor.

In contrast, the other choices involve values that are either below the threshold for Grand Larceny in the 4th Degree or define higher degrees of larceny, which carry different penalties and are considered more severe offenses. The clarity of the $1,000 threshold helps law enforcement and legal practitioners classify larceny offenses appropriately under New York law.