Under what condition does theft qualify as a felony?

The classification of theft as a felony is primarily determined by the monetary value of the property stolen. In many jurisdictions, theft becomes a felony when the value of the stolen property exceeds a certain threshold. In this case, it is correctly identified that when the theft amount is over $500, it qualifies as a felony. This is based on the legal definitions established in various state laws, which typically set this threshold to differentiate between misdemeanor and felony offenses. A higher threshold reflects a legal stance that treats more substantial thefts with greater severity, leading to harsher penalties.

The other conditions focus on aspects such as violence, trickery, or lower financial thresholds, which do not typically influence the felony classification. Many laws may require the monetary value to be significantly higher than these amounts for theft to be charged as a felony.