What amount qualifies as a 3rd degree felony under the Texas Penal Code value ladder?

In the context of the Texas Penal Code, a third-degree felony is defined by the monetary value of the property involved in the offense. The correct answer indicates that the amount qualifying as a third-degree felony falls between over $30,000 but less than $150,000. This classification is significant because it establishes the severity of the crime, which includes potential penalties such as imprisonment and fines.

The delineation of values within the Texas Penal Code serves to categorize crimes based on their seriousness and the impact they have on victims and the community. By setting the threshold for third-degree felonies in this manner, the law aims to address theft and fraud offenses that have a considerable financial impact without reaching the threshold that would classify them as more severe felonies, which typically involve higher dollar amounts.

Understanding this classification system is crucial for law enforcement and legal professionals, as it informs how cases are prosecuted and the potential consequences for those convicted under the law.