Which dollar amount marks the transition to Grand Larceny in the 2nd Degree?

The transition to Grand Larceny in the 2nd Degree is defined by the value of the property stolen. In New York State, the law specifies that Grand Larceny in the 2nd Degree encompasses any theft involving property valued at more than $50,000. This delineation is significant as it establishes a clear threshold that distinguishes between varying degrees of larceny, impacting the severity of the charges and punishments associated with the crime.

Options indicating thresholds lower than $50,000 pertain to lesser degrees of larceny, such as Grand Larceny in the 3rd Degree, which involves property exceeding $3,000 but not reaching the higher amounts defined in the law. Understanding these values is crucial for anyone involved in law enforcement, legal studies, or security administration as it determines the legal approach and consequences for theft crimes in New York State.