Here's a 12-point test for creating a new tag, say X. It is mostly an extension of the MAR Tag Test™!
- Does X have a universally unambiguous meaning?
- Does there exist a published paper (in a reputable venue) which defines X? Does X have a corresponding Wikipedia page?
- Does "experts on X" make sense?
- Does "I'm studying X" make sense?
- Would you leave and not retag a question with only X as its tag?
- Will "because it's related to X" be the only reason a question is tagged with X?1
- Will X not be misinterpreted, just judging by its name?
- Are there many (>15) but not too many2 questions on the site with the search keyword "X"?
- Will people search using "X" to find questions to answer?
- Without any personal feelings towards X, will people add it to their "ignored" or "favorite" tags?
- Can the questions to which X can be applied have other tags reasonably applied as well?
- Is X not a tag that can really only be applied once there are answers to its questions?
For each point that you fully agree with, give the tag a score of $\color{green}{+2}$. For each point that you partially agree with, give the tag a score of $\color{orange}{+1}$. And for each point that you don't agree with, give the tag a score of $\color{red}{-1}$. Find the $\text{total score}$. If
- $\color{green}{\text{total score}>18}$, then it's an exceptionally good tag. Go ahead and create it, if it doesn't exist already!
- $\color{orange}{18>\text{total score}>14}$, then it's a good tag. Make a judgement call and decide whether or not to create it.
- $\color{red}{\text{total score}<14}$, then it's not a good tag. Make sure to ask on meta before creating it, or it already exists make a meta post to ask for its possible burnination. Read: When to burninate.
1: Ignore spam and be aware that meta tags are dead.
2: A tag should be a tag, not more, not less. Ideally, a tag should be present only be on less than $\frac{1}{10}$th of an SE site's questions.
Important Note: Please write up the tag excerpt when you create a new tag. It's okay to copy over the corresponding definition from Wikipedia or some published paper, but in that case make sure you mention the source in brackets - something like (Wikipedia)
or (arXiv:xxxx.yyyy)
would suffice. It's always preferable that you write the definitions in your own words but I do realize that that can sometimes be time-consuming. However, do keep in mind that tag excerpts should ideally contain not only the definitions but also guidance on how and when to use them.