In Colorado, the value of stolen property dictates whether a theft is charged as a misdemeanor or a felony. A theft offense escalates to a felony when the value of the property or services stolen exceeds a specific monetary threshold. For example, stealing items valued at over $2,000 is generally classified as a felony offense, subjecting the accused to more severe penalties than a misdemeanor theft.
The classification of a theft as a felony carries significant consequences. Conviction can lead to imprisonment in a state correctional facility, substantial fines, and a criminal record that can impact future employment, housing, and other opportunities. Understanding the value thresholds and potential repercussions is crucial for both individuals and businesses operating within the state.