1. A local tax on property
   "The high rates were a burden on homeowners"

1. A magnitude or frequency relative to a time unit
   "they travelled at a rate of 55 miles per hour"; "the rate of change was faster than expected"
    
2. Amount of a charge or payment relative to some basis
   "a 10-minute phone call at that rate would cost $5";
   - charge per unit
    
3. A quantity or amount or measure considered as a proportion of another quantity or amount or measure
   "the dropout rate"; "the literacy rate"; "the retention rate"
    
4. The relative speed of progress or change
   "he works at a great rate";
   - pace

1. Assign a rank or rating to
   "The restaurant is rated highly in the food guide";
   - rank, range, grade, place
    
2. Evaluate how important or likely something is
   "Gold was rated highly among the Romans"; "How would you rate his chances to become President?";
   - value
    
3. Be worthy of or have a certain rating
   "This bond rates highly"

Type of: appraise, apprise [Brit, archaic], apprize [archaic], assess, be, charge, evaluate, judge, magnitude relation, measure, pass judgment, proportion, quantitative relation, revenue enhancement, scope, tax, taxation, temporal property, valuate [N. Amer], value

Encyclopedia: Rates