This is a Tier list based on ranked conquest for the 6.12 patch (RWBY Patch). Smite is in a good place for balance right now (besides a couple of Gods/Goddesses) so most picks are viable. There is still META picks but you don't need them to win games at the moment. Also for this list player skill doesn't really factor into the placement (I just consider the Gods/Goddesses worth to the team). No one is currently SS or D tier because all Gods/Goddesses are playable and none hinder the team if picked (Yes even Loki).
Unbeatable, Broken, or Unplayable
Top Tier- The best Gods/Goddesses in the game right now. Can carry a game and has no weaknesses.
Meta Tier- The top performing Gods/Goddesses in the current META right now. These Gods/Goddesses are strong in the current META and can feel unstoppable because of it.
Top Balanced Tier- The top balanced Gods/Goddesses. Strong picks but still can be countered, they have weakness but not a whole lot.
Above Balanced Tier- Gods/Goddesses with more positives than negatives. Viable in almost any team comp and doesn't require the most skill to be effective.
Balanced Tier- Gods/Goddesses with both positives and negatives. Can be strong or weak based on how they are played
Below Balanced Tier- Gods/Goddesses with more negatives than positives. Still viable but it might require more skill to make an impact.
Counter or Team Comp Tier- These Gods/Goddesses are only useful if they directly counter another character or if they have a team built around them. Otherwise they end up not being very viable.
Bottom Tier- Some of the weakest Gods/Goddesses in the game. Either by being out performed by another God/Goddess or because the current meta is not favorable to them. not viable for any team.
Worst at everything. Provides no value to a team