Phase-in of tax changes
 4. (1) The amount of the tax increases and tax decreases from the 2000 taxation year to the 2001 taxation year on all eligible property in territory described in section 1 is subject to phase-in in accordance with this section.  O. Reg. 3/02, s. 4 (1). (2) If the total amount of taxes for school purposes for 2001 for an eligible property before the application of the phase-in exceeds the total amount of taxes for school purposes for 2000 for the property, the maximum amount of the tax increase to be phased in is the amount of the difference.  O. Reg. 3/02, s. 4 (2). (3) If the total amount of taxes for school purposes for 2000 for an eligible property exceeds the total amount of taxes for school purposes for 2001 for the property, before the application of the phase-in, the maximum amount of the tax decrease to be phased in is the amount of the difference.  O. Reg. 3/02, s. 4 (3). (4) For the purposes of this section, the total amount of taxes for school purposes for 2000 for an eligible property is the amount determined under the following rules: 1. If paragraphs 2 and 3 do not apply, the amount of the taxes for school purposes for 2000 for the property is the amount of taxes levied on the property for 2000. 2. If a supplementary assessment or change in classification was made under section 34 of the Assessment Act during 2000, or if an assessment or change in classification could have been made under section 34 of that Act and the appropriate change is made to the assessment roll for taxation in 2001, the amount of the taxes for school purposes for 2000 for the property is the amount that would have been determined for 2000 if the increase in the assessment or change in classification, as the case may be, had applied to the property for 2000. 3. If any taxes for school purposes for 2000 for the property are cancelled, reduced or refunded under section 442 of the Municipal Act on an application under clause 442 (1) (a), (a.1), (c) or (f) of that Act or under section 443 of that Act, recalculate the amount of taxes determined under paragraph 1 as if the event that caused the cancellation, reduction or refund had occurred on January 1, 2000.  O. Reg. 3/02, s. 4 (4). (5) The following rules apply to the phase-in of a tax increase described in subsection (2): 1. The tax increase is subtracted from the amount of taxes for 2001 that would be determined before the application of this section. 2. The amount of the increase to be included in the taxes for 2001, as determined under paragraph 3, is added to the amount determined under paragraph 1, to determine the amount of taxes payable for 2001. 3. The amount of the increase to be included in the taxes for 2001 is the greater of, i. 50 per cent of the increase, and ii. the lesser of $30 and the amount necessary to fully phase in the increase.  O. Reg. 3/02, s. 4 (5). (6) The following rules apply to the phase-in of a tax decrease described in subsection (3): 1. The tax decrease is added to the amount of taxes for 2001 that would be determined before the application of this section. 2. Subject to paragraph 3, the amount of the decrease to be phased in for 2001 is the greater of the threshold determined under paragraph 4 and 50 per cent of the amount of the decrease. 3. The amount of the decrease phased in for 2001 must not exceed the amount necessary to fully phase in the decrease. 4. The threshold referred to in paragraph 2 is the amount that would be determined in order that the total of the decreases phased in for 2001 for eligible property in the same locality equals the total of the increases phased in for 2001 for all eligible property in the same locality.  O. Reg. 3/02, s. 4 (6).