Knowingly taking possession of lost property valued $0-$499 is which offense?

• A. Theft of Property (4th Degree), misdemeanor class A
• B. Theft of Lost Property (4th Degree), misdemeanor class A
• C. Theft of Property (3rd Degree), felony class D
• D. Theft of Services (3rd Degree), felony class D

Answer: (B)

The key idea is that there is a specific offense for handling property that is lost. If someone knowingly takes possession of property that is lost, they commit theft of lost property. The value range of the property then determines the degree of the offense: under $500 places it in the 4th degree, which is a misdemeanor class A.

So, when the property is valued between $0 and $499 and the person knowingly possesses it as lost property, the charge fits as theft of lost property in the 4th degree. That’s why this option is the best answer—the statute distinguishes lost property from ordinary theft, and the value threshold keeps it at the 4th-degree level.

The other options don’t fit because ordinary theft of property covers property that isn’t specifically lost property, or the degree would change if the value were higher. Theft of services isn’t about property at all.