Quote:
Originally Posted by Blossom
I prefer half ratings myself. It means I am leaning toward the next grade up for that book.
1: I hated it and it's near a DNF for me.
2: I tolerated it but I didn't really like it.
3: It was just okay. I liked it but I didn't love it.
4: I loved it but it was just missing that WOW factor.
5: OMG you got to read this it's sooo good!
I don't give out 5 star ratings very often so if you see me says 4.5 it means it's a really enjoyable read but I thought some elements could be improved on.
So if I rate something 2.5 or below it means not worth your money. I have given very few books 1 star.
The more I read the more picky I've become. 
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I usually delete books that I hate or are DNF's so that kind of skews my scale.
For me:
5 stars = A- or A or A+ range = A real favorite! Can still have flaws, but a book where I really love the characters and the story (at least for the most part).
4 stars = B or B+ range = A very enjoyable read that just misses being five stars for various reasons. But overall I really like the h/h and plot.
3 stars = C+ or B- range = An average or slightly above average read where I liked the characters but the book had plot flaws or where I really love the hero and not the heroine or vice versa but the plot was fairly good.
2 stars = D+ or C- or C range = Often still an average or slightly below average book, just with more flaws than a 3 star. I may have disliked major parts of the plot or really disliked either the h/h or both or they did a lot of TSTL stuff. Or a below average book which has enough redeeming qualities that keep it from being a 1 star.
1 star = F or D range = A book in which I really didn’t like the characters plus poorly plotted or even where it had a promising start and likeable characters, but the author totally blew it. For the most part I will only keep 1 star book by my absolute favorite authors and/or if they are part of a series.
ETA: Ratings are usually a balance between characters and plot, but in long running series featuring the same main characters (i.e. In Death or Psy/Changeling) the rating usually refers to just the plot and is often nothing about the major characters.