As pointed out by Mike Fairly in the TechNet forums (see thread), the default rank profile, or any other rank profile included with SharePoint, does not give any weight in particular to tagged content.
This means that if you add managed metadata columns or Enterprise Keywords to a list or library, the terms used will merely help on content recall, but not provide any extra rank to the items moving them higher up in the search results.
On the other hand, when promoting the use of tagging to information workers, you might think they want a return on investment for those tags, meaning tagged items should appear higher in the result set.
There are several ways to go about fixing this:
- Create a custom rank profile
- Change the weight of managed properties
- Use dynamic ranking via the XRANK operator
The easiest in terms of implementation and flexibility is #2.