Adjustments under par. 2 i A of s. 292 (1) of the Act
 29. (1) The following are prescribed as the adjustments to be made under sub-subparagraph 2 i A of subsection 292 (1) of the Act to the amount of the taxes for municipal and school purposes that would have been levied in respect of a property for the previous year but for the application of Part XII of the Act: 1.  If a supplementary assessment or change in classification was made under section 34 of the Assessment Act during the previous year or if an assessment or change in classification could have been made under section 34 of that Act and the appropriate change is made on the assessment roll for taxation in the taxation year, recalculate the taxes as if the increase in the assessment or the change in classification, as the case may be, had applied to the property for all of the previous year. 2.  If the assessment of a property whose classification is in the subclass for vacant land on the assessment roll for taxation in the taxation year increases as a result of an improvement to that property during the previous year and if no portion of any building on the property began to be used for any purpose during the previous year, recalculate the taxes as if the increase in the assessment had applied to the property for all of the previous year. 3.  If City council cancels, reduces or refunds taxes under section 323 of the Act for the previous year on an application under clause 323 (1) (a), (b), (c), (d) or (f) of the Act or under section 325 of the Act for the previous year, recalculate the taxes as if the event that caused the cancellation, reduction or refund had occurred on January 1 of the previous year. 4.  If City council increases taxes under section 326 of the Act for the previous year, recalculate the taxes for the previous year accordingly. 5.  If, as a result of an assessment under subsection 32 (2) or section 33 of the Assessment Act, the total taxes for municipal and school purposes for the property for the previous year are altered, recalculate the taxes for the previous year as if the alteration had applied to the property for all of the previous year.  O. Reg. 121/07, s. 29 (1); O. Reg. 63/17, s. 8 (1). (1.1) 10 per cent is the percentage prescribed to replace 5 per cent, in both instances where “5 per cent” appears in sub-subparagraph 2 i A of subsection 292 (1) of the Act. O. Reg. 107/16, s. 3; O. Reg. 63/17, s. 8 (2). (2) The following are prescribed as the adjustments to be made under sub-subparagraph 2 i A of subsection 292 (1) of the Act to the amount of the taxes for municipal and school purposes that would have been levied in respect of a property for the previous year but for the application of Part XII of the Act: 1.  If a supplementary assessment or change in classification was made under section 34 of the Assessment Act during the previous year or if an assessment or change in classification could have been made under section 34 of that Act and the appropriate change is made on the assessment roll for taxation in the taxation year, recalculate the taxes as if the increase in the assessment or the change in classification, as the case may be, had applied to the property for all of the previous year. 2.  If the assessment of a property whose classification is in the subclass for vacant land on the assessment roll for taxation in the taxation year increases as a result of an improvement to that property during the previous year and if no portion of any building on the property began to be used for any purpose during the previous year, recalculate the taxes as if the increase in the assessment had applied to the property for all of the previous year. 3.  If City council cancels, reduces or refunds taxes under section 357 of the Municipal Act, 2001 for the previous year on an application under clause 357 (1) (a), (b), (c), (d) or (f) of that Act or under section 358 of that Act for the previous year, recalculate the taxes as if the event that caused the cancellation, reduction or refund had occurred on January 1 of the previous year. 4.  If City council increases taxes under section 359 of the Municipal Act, 2001 for the previous year, recalculate the taxes for the previous year accordingly. 5.  If, as a result of an assessment under subsection 32 (2) or section 33 of the Assessment Act, the total taxes for municipal and school purposes for the property for the previous year are altered, recalculate the taxes for the previous year as if the alteration had applied to the property for all of the previous year.  O. Reg. 121/07, s. 29 (2); O. Reg. 63/17, s. 8 (3).