The collection of rates is a source of revenue for local authorities. Local authorities are responsible for providing basic public services such as waste management, road maintenance, public transportation, and other community services in their area. To finance these services, local authorities collect rates from the residents and businesses in their jurisdiction. Rates are a form of property tax that is assessed based on the value of the property. The revenue generated from the collection of rates is then used to fund the provision of these essential services to the local community.