The value of an allegedly stolen item is “its highest value
by any reasonable standard at the time that it is stolen. Reasonable standard includes but is not
limited to market value within the community, actual value, or replacement
value.” Iowa Code § 714.3.
The classification of a theft charge in Iowa hinges on this
value. For example, a theft of something of value in excess of $10,000 is
considered first degree theft, a Class “C” felony punishable by at most ten
years in prison. Theft of anything in value greater than $1,000 but less than
$10,000 is considered a Class “D” felony. Theft of anything in value greater
than $500 but not exceeding $1,000 is an aggravated misdemeanor punishable by
at most two years in prison. The theft of anything of value greater than $200
but not greater than $500 is a serious misdemeanor punishable by at most one
year in jail. Theft of anything of value less than $500 is a simple misdemeanor
punishable by at most 30 days in jail.
There are any number of ways to commit theft in Iowa but all require proof of this value.
If you or a loved one have been charged with theft in the
State of Iowa, it may be important for a competent attorney practicing in the
area of criminal law to examine the facts and circumstances surrounding the
alleged theft.
Of course, a blog is not legal advice. No attorney-client
relationship is established by reading a blog or sending unsolicited
information to an attorney over the Internet.
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