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The penalty for a third degree felony is a maximum of 5 years in jail and a $5,000 fine. If the property stolen is valued between $100 and $299, then the defendant will be charged with a 1st Degree Misdemeanor, which carries a maximum penalty of 1 year in jail and a $1000 fine.
The dollar amount that constitutes a felony theft varies by state. In Vermont, for instance, theft of property worth $250 is considered a felony as of 2014. In Wisconsin, however, the value of the property stolen must exceed $2,500 to be classified as a felony. Keep Learning.