Rate in the dollar
nounrate in the dol·larpronounced RAYT in thə DOL-ər
Last reviewed 16 April 2026
What does the noun Rate in the dollar mean?
The multiplier your council applies to your property’s assessed value to calculate your annual rates bill. Set each year based on the council’s budget needs.
How the noun Rate in the dollar is used
Our council set the rate in the dollar at 0.0019, so on a property assessed at $600,000 we pay about $1,140 a year in council rates.
Synonyms
rate multiplier, cents in the dollar
Related words
Cite this entry
MLA citation: "Rate in the dollar." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/rate-in-the-dollar. Accessed 30 May 2026.
Chicago citation: How to Property. "Rate in the dollar." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/rate-in-the-dollar.
APA citation: How to Property. (2026, April 16). Rate in the dollar. https://howtoproperty.com.au/definitions/rate-in-the-dollar