The distinction between grand theft and petit theft depends on the value of the property taken.

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Grand theft is generally defined as the theft of property worth $500 or more, whereas petit theft (also known as petty theft or theft of property below a certain value) is the theft of property worth less than $500. Therefore, the distinction between grand theft and petit theft does depend on the value of the property taken.

The Distinction Between Grand Theft and Petit Theft Depends on the Value