The Police Rate Act 1868 (31 & 32 Vict. c. 67) was an act of Parliament passed by the Parliament of the United Kingdom in 1868 and granted royal assent on 31 July that year.^[1]

The act raised the rates for funding the Metropolitan Police from 8 to 9 pence in the pound on the full annual value of all rateable property in parishes covered by the Metropolitan Police District and set an annual housing allowance of £300 for each of the two Assistant Commissioners out of the Met's budget, along with repealing the whole of the Metropolitan Police Act 1833 and Section 10 of the Metropolitan Police Act 1857.^[1] That limit and that in Section 23 of original Metropolitan Police Act was raised to eleven pence in the pound by the Metropolitan Police Act 1912 (2 & 3 Geo. 5. c. 4) and to thirteen pence in the pound from 1918 to the end of the next financial year after the end of the First World War by the Metropolitan Police Act 1918 (7 & 8 Geo. 5. c. 61).