vertical alignment of text element in SVG
According to SVG spec, alignment-baseline only applies to <tspan>, <textPath>, <tref> and <altGlyph>. My understanding is that it is used to offset those from the <text> object above them. I think what you are looking for is dominant-baseline.
Possible values of dominant-baseline are:
auto | use-script | no-change | reset-size | ideographic | alphabetic | hanging | mathematical | central | middle | text-after-edge | text-before-edge | inherit
Check the W3C recommendation for the dominant-baseline property for more information about each possible value.
If you're testing this in IE, dominant-baseline and alignment-baseline are not supported.
The most effective way to center text in IE is to use something like this with "dy":
<text font-size="ANY SIZE" text-anchor="middle" "dy"="-.4em"> Ya Text </text>
The negative value will shift it up and a positive value of dy will shift it down. I've found using -.4em seems a bit more centered vertically to me than -.5em, but you'll be the judge of that.
attr("dominant-baseline", "central")
The alignment-baseline property is what you're looking for it can take the following values
auto | baseline | before-edge | text-before-edge |
middle | central | after-edge | text-after-edge |
ideographic | alphabetic | hanging | mathematical |
inherit
Description from w3c
This property specifies how an object is aligned with respect to its parent. This property specifies which baseline of this element is to be aligned with the corresponding baseline of the parent. For example, this allows alphabetic baselines in Roman text to stay aligned across font size changes. It defaults to the baseline with the same name as the computed value of the alignment-baseline property. That is, the position of "ideographic" alignment-point in the block-progression-direction is the position of the "ideographic" baseline in the baseline-table of the object being aligned.
W3C Source
Unfortunately, although this is the "correct" way of achieving what you're after it would appear Firefox have not implemented a lot of the presentation attributes for the SVG Text Module ('SVG in Firefox' MDN Documentation)