Grand larceny is a crime of theft involving property that meets a threshold value. The minimum property value for grand larceny often ranges between $100 and $1000, depending on the state. In New York, for example, stealing something worth more than $1,000 makes the crime grand larceny. Grand larceny is generally considered a felony while petit larceny is generally considered a misdemeanor. The different degrees of grand larceny in New York are:
- Grand Larceny in the Fourth Degree: stealing something worth in excess of $1,000 but not more than $3,000.
- Grand Larceny in the Third Degree: stealing property valued north of $3,000 but not greater than $50,000.
- Grand Larceny in the Second Degree: stealing property that exceeds $50,000 but is not more than $1 million in value.
- Grand Larceny in the First Degree: stealing more than $1 million worth of property in any form.
Grand larceny may be charged as a misdemeanor or felony, depending on the circumstances of the individual case.
