What is the minimum value for an act to be classified as grand theft under Penal Code 487?

The minimum value for an act to be classified as grand theft under Penal Code 487 is $950. This classification is significant because it distinguishes grand theft from petty theft, which involves amounts below this threshold. The designation of a theft as "grand" often results in more severe legal consequences, including harsher penalties and potential felony charges.

In determining the threshold, the law aims to reflect the seriousness of the offense; an amount of $950 signifies a substantial loss to the victim, warranting the higher penalties associated with grand theft. Understanding this amount is crucial for law enforcement, legal professionals, and citizens alike, as it affects the categorization and subsequent judicial outcomes related to theft offenses.