Glossary entry

English term or phrase:

rates

English answer:

property/real-estate taxes

Added to glossary by Yvonne Gallagher
Jun 19, 2021 06:29
2 yrs ago
34 viewers *
English term

rates

English Bus/Financial Real Estate
Context removed by ProZ.com staff.
Change log

Jun 19, 2021 14:39: writeaway changed "Field" from "Other" to "Bus/Financial"

Jun 26, 2021 23:50: Yvonne Gallagher Created KOG entry

Sep 27, 2021 22:08: Andrea Capuselli changed "Term Context" from "This can apply to all of your bills e.g. home phone/ internet, mobiles, loans, credit cards, home loan, rates, and education fees. Does it mean tax? This is Australian English." to "Context removed by ProZ.com staff."

Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): Edith Kelly

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Discussion

Tony M Jun 20, 2021:
@ Daryo I fear you are somwhat missing the point of my earlier comment; I most emphatically did NOT say that 'rates' is not usedin connection with water (though it is one of the few 'utilities' where it IS used — we'd never say (e.g.) 'telephone rates' (unless talking about the actual prices being charged for calls.
What I actually said, and sought to underline, was that we do not use 'rates' without any further qualifier when referring to utilities bllls, in which usage it invariably means property rates.
Daryo Jun 20, 2021:
@Masoud Kakoli a point of method.

I suppose you need the exact meaning of "rates" as used in Australia so that can you translate this text.
There is a "sticky point", not a small one.

WHO is the intended audience?

I don't mean only which language they speak, but WHERE are they supposed to be living?
Looks like this text is some kind of advertising for credit cards, or some kind of payment system for individuals.
If this company plans to expand their business to a country where there is some other system of taxation, mentioning "rates" at all becomes pointless, or even worst confusing for potential clients.
OTOH if the target audience is supposed to be living in Australia, then yes it should be translated, as accurately as possible.

What I'm on about? For comparison, some US companies open a branch in UK and then ask customers living in UK for a "ZIP code" ...

Daryo Jun 20, 2021:
@Tony M Yes, electricity, gas and water are "utility bills" but for water, unless my memory started playing tricks with me, I heard more than once "water rates" being used as synonym for "water bill".

Well, here it is:

The Council does not collect water charges for any leaseholders so leaseholders are not affected by these changes.

Will rent be reduced to reflect that water rates are no longer included?

Water rates are not included in the rent, they are levied as a separate tenant service charge. This charge will be reduced to zero for everyone in 2021/22

https://news.hackney.gov.uk/how-council-tenants-pay-their-wa...

This fact sheet tells you the rules that apply to water rates debt and how to deal with it. It also explains how to get help paying the water bill from a trust fund.
https://www.nationaldebtline.org/fact-sheet-library/water-ar...

The kind of "property tax" comparable to these Australian "rates" would be the in UK the "Council Tax" - paid by households - (this payment system is for private/personal use)

Althea Draper Jun 19, 2021:
So, it means land and/or buildings.
Althea Draper Jun 19, 2021:
"Australia - Local government authorities levy annual taxes, which are called council rates or shire rates. The basis on which these charges can be calculated varies from state to state, but is usually based in some way on the value of property. Even within states, individual local government authorities can often choose the specific basis of rates – for example, it may be on the rental value of houses (as in Western Australia) or on the unimproved land value (as in New South Wales). These rateable valuations are usually determined by a statutory authority, and are subject to periodic revision"

https://en.wikipedia.org/wiki/Rates_(tax)

"Councils can choose how they calculate and distribute rates among categories of rateable properties in the council area. For each category or sub-category, rates can be calculated in one of three ways. They can be based:

-entirely on the land value of the property
-on a combination of the land value of the property and a fixed amount per property
-entirely on the land value, but subject to a minimum amount."

https://web.archive.org/web/20080214043546/http://www.dlg.ns...
Masoud Kakouli Varnousfaderani (asker) Jun 19, 2021:
@ all It is a property tax and the word property is confusing here. Does property here mean "a thing or things belonging to someone; possessions collectively" or a "building or buildings and the land belonging to it or them"?
Tony M Jun 19, 2021:
@ Daryo Actually, I don't agree with your analysis of the GB situation in this context.
If we were talking about 'utility' bills, we would never call those just 'rates' on their own — they might be called by their name, or grouped together as, say, 'gas, water, and electric rates'; but these utilities have already been mentioned, hence the subsequent mention of 'rates' on their own is a very strong indicator that it is specifically only referring to the 'property tax' bill — which is the only one that is ever referred to as 'the rates' without any other qualifier.
Although I have no specific knowledge of the Oz situation, it certainly looks as though in the other respects it macthes the GB usage.
Masoud Kakouli Varnousfaderani (asker) Jun 19, 2021:
I told it is about Australia
Daryo Jun 19, 2021:
Wait a second Is this about Australia or England?

Also

From Collins:
rate: British a local property tax

IS NOT any kind of usable "answer"

It is waaaays too vague and not very likely to make much sense in this specific sentence.

The way "rates" is actually used in UK, it could be a "tax on properties used for business" (only, NOT just any property) shortened form for "business rates" - the equivalent of what is the "Council Tax" for private dwellings.

This sentence being about household spending, in UK it would be most likely about "water rates" - the bill for supplied water.

"rates = paying your water bill" would make sense in this sentence, but there is no guarantee that in Australian informal English it doesn't mean something else.

philgoddard Jun 19, 2021:
Please close the question as you've found the answer.
Masoud Kakouli Varnousfaderani (asker) Jun 19, 2021:
From Collins:
rate: British a local property tax

Responses

+3
4 hrs
Selected

property/real-estate taxes

called different things in various places but basically they are taxes on property

In Australia, according to this, they are called "shire rates" or "council rates"

https://en.wikipedia.org/wiki/Rates_(tax)
Peer comment(s):

agree AllegroTrans : Generically yes, but known as (council) rates in Australia
2 hrs
Many thanks:-)
agree Tony M
3 hrs
Many thanks:-)
agree Edith Kelly
7 hrs
Thanks:-)
neutral Daryo : annual tax - there are also other forms of taxation linked to properties (stamp duties, inheritance tax ...)
15 hrs
I fully agree with Tony's comment: "'rates' without any further qualifier invariably means property rates if it's water rates or something else it will say so."
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4 KudoZ points awarded for this answer.

Reference comments

6 hrs
Reference:

Rates - Australia

Council rates

Australia’s tax system uses the payment of taxes to fund a variety of programs, services and infrastructure by all levels of government for the public benefit of all citizens.

Council rates are a property tax. Nationally, council rates raise 3.6 per cent of taxes collected by all levels of government.

Rates are paid by all property owners within a municipality to help pay for more than 100 services provided by councils, and maintain local roads, council facilities and public open spaces such as parks and gardens.

Councils use property values as the basis for calculating how much each property owner pays in rates.

In Victoria, council rates can comprise up to three components:

municipal charge (of not more than 20 per cent of a council’s total rates revenue)
waste management (garbage) charge
rate in the dollar.

Exemptions from rates apply to crown land, charitable land, land used for religious purposes, and land used exclusively for mining or forestry.

There is no direct connection between the amount of rates paid by a property and the level of council services received. Many services are provided for the benefit of all community members, but it is up to individuals as to the services they use and access.
Peer comments on this reference comment:

agree Daryo : that's the same system as "Council Tax" in England
13 hrs
Not the same: "Council Tax" replaced "rates" in 1993 and is not calculated in the same way
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