5. (1) In each year from 1994 to 2003, inclusive, the maximum eligible tax increase on a residential or farm property within the special area shall be, (a) in 1994, the greater of $200 or 10 per cent of the 1993 residential tax responsibility; (b) in 1995, the greater of $400 or 20 per cent of the 1993 residential tax responsibility; (c) in 1996, the greater of $600 or 30 per cent of the 1993 residential tax responsibility; (d) in 1997, the greater of $800 or 40 per cent of the 1993 residential tax responsibility; (e) in 1998, the greater of $1,000 or 50 per cent of the 1993 residential tax responsibility; (f) in 1999, the greater of $1,200 or 60 per cent of the 1993 residential tax responsibility; (g) in 2000, the greater of $1,400 or 70 per cent of the 1993 residential tax responsibility; (h) in 2001, the greater of $1,600 or 80 per cent of the 1993 residential tax responsibility; (i) in 2002, the greater of $1,800 or 90 per cent of the 1993 residential tax responsibility; (j) in 2003, the greater of $2,000 or 100 per cent of the 1993 residential tax responsibility. (2) In each year from 1994 to 1997, inclusive, the maximum eligible tax increase on a commercial or industrial property and on a business within the special area shall be, (a) in 1994, the greater of $500 or 30 per cent of the 1993 commercial tax responsibility or the 1993 business tax responsibility, as the case may be; (b) in 1995, the greater of $1,000 or 60 per cent of the 1993 commercial tax responsibility or the 1993 business tax responsibility, as the case may be; (c) in 1996, the greater of $1,500 or 90 per cent of the 1993 commercial tax responsibility or the 1993 business tax responsibility, as the case may be; and (d) in 1997, the greater of $2,000 or 120 per cent of the 1993 commercial tax responsibility or the 1993 business tax responsibility, as the case may be. (3) In each year from 1994 to 2003, inclusive, the amount of tax assistance to be provided to each residential or farm property, shall be the difference between the realty tax differential determined under clause 3 (1) (a) and the maximum eligible tax increase for that year determined under subsection (1), but the amount of tax assistance shall not be less than zero. (4) In each year from 1994 to 1997, inclusive, the amount of tax assistance to be provided to each commercial or industrial property, and to each business, shall be the difference between the realty tax differential determined under clause 3 (1) (b) or the business tax differential determined under clause 3 (1) (c), as the case may be, and the applicable maximum eligible tax increase for that year determined under subsection (2), but the amount of tax assistance shall not be less than zero. O. Reg. 291/94, s. 5. 6.(1) In each year from 1994 to 2003, inclusive, the municipal realty taxes in respect to a residential or farm property shall be calculated by multiplying the residential mill rate of the City of London for all purposes for that year by the assessment pertaining to that property, as shown on the last returned assessment roll for the City of London for that taxation year, and subtracting the tax assistance for that year as determined by the treasurer under subsection 5 (3). (2) In each year from 1994 to 1997, inclusive, the municipal realty taxes in respect of a commercial or industrial property or the business taxes in respect of a business shall be calculated by multiplying the commercial mill rate of the City of London for all purposes for that year by the assessment pertaining to that property or business, as the case may be, as shown on the last returned assessment roll for the City of London for that taxation year, and subtracting the tax assistance for that year as determined by the treasurer under subsection 5 (4). O. Reg. 291/94, s. 6. (3) Where it is determined that tax assistance will apply to a property or business under subsection 5 (3) or (4) during any of the years 1995 to 2003, inclusive, the treasurer may in any of those years subtract up to 50 per cent of the tax assistance entitlement for that year from any realty or business taxes due on that property, or in respect to that business, as a result of an interim levy under section 156 of the Municipal Act. (4) Where, in any year, a portion of the tax assistance under subsection 5 (3) or (4) has been applied to reduce the amount required to be raised on that property or from that business under section 156 of the Municipal Act, the treasurer shall reduce the tax assistance that would otherwise apply in that year on that property or business under subsection (1) or (2), by the amount of tax assistance under subsection (3). O. Reg. 818/94, s. 4.