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RATE
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RATE , a See also:general See also:term for proportion, See also:standard, See also:allowance, tax (Med. See also:Lat. rata, from See also:pro rata parte, ratus being the participle of reri, to think, See also:judge). In See also:England the term is specially applied to the levying of public See also:money contributions for See also:local purposes, as distinguished from the " taxes " raised for what are treated as general See also:state purposes. The money required for local See also:administration in England is raised (when the See also:ordinary revenues are insufficient) by assessments on lands and buildings based on their See also:annual rental value. The See also:financial authority estimates what additional amount beyond See also:revenue is required for the expenses of administration, and levies a rate to meet it. The earliest rate levied in England was that for poor See also:relief, and of the See also:great variety of rates now existing, the See also:majority are based on the poor rate and levied with it, under the term of See also:precept rates. Next to the poor rate came that for highways, and other See also:special rates have been authorized from See also:time to time, as for See also:police, See also:education, public See also:lighting, cemeteries, See also:libraries, sanitary purposes, &c. To distinguish the rate the name of the precepting authority is frequently added or the purpose for which it is levied specified, as See also:county rate, See also:watch rate, &c. The valuation See also:list of a See also:parish is the basis on which the poor rate is levied. This valuation list contains the See also:gross estimated rental and rateable value of all rateable See also:property in the parish. The gross estimated rental is the See also:rent at which a property might reasonably be expected to let from See also:year to year, the See also:tenant paying See also:tithes, rates and taxes. From this is deducted the See also:average annual cost of See also:repairs, See also:insurance and renewals, the See also:balance constituting the rateable value. The rateable value of the parish being known, so much on each See also:pound of the rateable value as will equal the amount required to be raised is levied, and is known as the " rate." See further ENGLAND, Local See also:Government; See also:TAXATION. Rating, in maritime vocabulary, is the See also:classification of men according to See also:rank, and was formerly employed to class See also:ships of a See also:navy according to strength. A sailor is said to be " rated A.B.," or in the navy " rated See also:petty officer," " See also:seaman," " See also:gunner," and so on. The rating of ships began in the 17th See also:century, and was at first done roughly by See also:size and number of See also:crew. Later the rating was by guns. Thus in 1741 in the See also:British navy there were six rates: 1st, roo guns; slid, 90; 3rd, 70 to 8o; 4th, 5o to 6o; 5th, 40; and 6th, so. Sloops, See also:fire-ships, See also:bomb-vessels and royal yachts were said to be not rated. The classification of ships into six rates, and into rated and non-rated ships, continued during the existence of the old sailing fleets, with modifications in detail. The practice of other navies was similar to the British. Additional information and CommentsThere are no comments yet for this article.
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