In Illinois, the threshold that distinguishes theft as a felony versus a misdemeanor hinges on the value of the stolen property. Theft of property valued at $1,000 or more is generally classified as a felony offense. Stealing a bicycle worth $1,200, for instance, would constitute felony theft. Conversely, theft of property valued under $1,000 is typically considered a misdemeanor, though certain circumstances, such as the theft of a firearm or vehicle, regardless of value, can elevate the charge to a felony.
This distinction is crucial for several reasons. Felony convictions carry significantly harsher penalties than misdemeanors, including substantial prison sentences and lasting impacts on a person’s record, impacting future employment and housing opportunities. The monetary threshold serves to differentiate the severity of the crime, reflecting the greater harm inflicted upon victims in cases involving higher-value losses. This legal framework also plays a vital role in deterring large-scale theft and maintaining economic stability within the state. Historically, this threshold has been adjusted to reflect economic changes and evolving societal values.
