Knowingly taking possession of lost property valued $500-$1499 is which offense?

• A. Theft of Property (3rd Degree), felony class D
• B. Theft of Lost Property (3rd Degree), felony class D
• C. Theft of Lost Property (2nd Degree), felony class C
• D. Theft of Services (3rd Degree), felony class D

Answer: (B)

Knowingly taking possession of lost property triggers theft of lost property, not ordinary theft, and the degree depends on how valuable the item is. For lost property valued between $500 and $1499, the offense is theft of lost property in the third degree, a Class D felony. So the correct choice matches that specific crime and value range.

If the value were higher, the degree would rise (for example, theft of lost property valued at $1500 or more would be the second degree, Class C). Theft of property (without the “lost” designation) and theft of services involve different offenses with their own value rules, which is why they don’t fit this scenario.