Is grand theft classified as a misdemeanor or a felony?

Grand theft is classified as a felony. This classification stems from the nature and severity of the crime, as it typically involves the unlawful taking of property valued above a certain monetary threshold, which can vary by jurisdiction. Felonies are generally considered more serious offenses than misdemeanors, carrying stiffer penalties that may include imprisonment for more than one year, substantial fines, and a lasting criminal record.

Understanding that grand theft involves significant loss to the victim and is categorized based on the value of the stolen property is essential to grasp its classification as a felony. In contrast, misdemeanors usually involve less severe infractions, often associated with lesser damages and lighter penalties. Thus, the distinction is vital when evaluating the legal repercussions and societal implications of such a crime.