Texas Penal Code
§ 31.08 — VALUE
PE § 31.08Title 7. OFFENSES AGAINST PROPERTY · Ch. 31. THEFT
Statute text
View on source(a)Subject to the additional criteria of Subsections (a-1), (b), and (c), value under this chapter is:
(1)the fair market value of the property or service at the time and place of the offense; or
(2)if the fair market value of the property cannot be ascertained, the cost of replacing the property within a reasonable time after the theft. (a-1) In the prosecution of an offense under Section 31.16 involving retail merchandise stolen from a merchant, the value of the stolen retail merchandise is:
(1)the sales price of the retail merchandise as stated, posted, or advertised by the merchant, including applicable sales tax, at the time of the offense; or
(2)the rental price of the retail merchandise as stated, posted, or advertised by the merchant, including applicable sales tax, at the time of the offense plus the cost of replacing the retail merchandise within a reasonable time after the offense.
(b)The value of documents, other than those having a readily ascertainable market value, is:
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Legislative history
Acts 2015, 84th Leg., R.S., Ch. 1251 (H.B. 1396), Sec. 12, eff. September 1, 2015. Acts 2025, 89th Leg., R.S., Ch. 815 (S.B. 1300), Sec. 4, eff. September 1, 2025.