Amount to be added under par. 2 of s. 329 (1) of the Act
 15.0.1 (1) In this section, “adjusted uncapped taxes” means, in respect of a property for a taxation year, the amount determined by dividing the uncapped taxes for the taxation year by the sum of 1 and the adjustment fraction determined under subsection 10 (3); (“impôts non plafonnés redressés”) “capped taxes” means, in respect of a property for a taxation year, the taxes that would have been calculated for the property but for the application of this section. (“impôts plafonnés”) O. Reg. 131/17, s. 9. (2) A municipality, other than a lower-tier municipality, may pass a by-law providing that the amount to be added under paragraph 2 of subsection 329 (1) of the Act for a property in the commercial classes, the industrial classes, the landfill property class or the multi-residential property class shall be calculated in accordance with this section. O. Reg. 131/17, s. 9. (3) A by-law under subsection (2) applies to a property for a taxation year if the adjusted uncapped taxes for the property for the taxation year are greater than the uncapped taxes for the property for the previous taxation year. O. Reg. 131/17, s. 9. (3.1) If a municipality passes a by-law under section 8.3 and a by-law under this section, the taxes for a property shall be calculated in accordance with subsection 8.3 (5) before any amount is calculated for the property under this section. O. Reg. 20/18, s. 1 (1). (4) If the amount determined under subsection 10 (2) in calculating the capped taxes for the property for the taxation year is negative, the amount to be added under paragraph 2 of subsection 329 (1) of the Act shall be calculated as follows: 1.  Take the adjusted uncapped taxes for the taxation year and subtract the uncapped taxes for the previous taxation year. 2.  Add the amount determined in paragraph 1 to the capped taxes for the taxation year. 3.  Subtract the amount determined under paragraph 1 of subsection 329 (1) of the Act from the lesser of the amount determined in paragraph 2 of this subsection and the uncapped taxes for the property for the taxation year. 4.  The amount determined under paragraph 3 is the amount to be added under paragraph 2 of subsection 329 (1) of the Act. O. Reg. 131/17, s. 9. (5) If the amount determined under subsection 10 (2) in calculating the capped taxes for the property for the taxation year is positive, the amount to be added under paragraph 2 of subsection 329 (1) of the Act shall be calculated as follows: 1.  Take the uncapped taxes for the taxation year and subtract the uncapped taxes for the previous taxation year. 2.  Subtract the amount determined under subsection 10 (2) in calculating the capped taxes for the property from the amount determined under paragraph 1 of this subsection. 3.  Add the capped taxes for the taxation year to the amount determined in paragraph 2. 4.  Subtract the taxes for the property as determined under paragraph 2 of subsection 329 (1) of the Act from the adjusted uncapped taxes for the property. 5.  If section 8.3 applies with respect to the property, subtract the amount determined under paragraph 4 of this subsection from the amount determined under paragraph 1 of subsection 8.3 (5). 6.  If section 8.3 applies with respect to the property, multiply the amount determined under paragraph 5 of this subsection by the fraction determined under paragraph 2 of subsection 8.3 (5). 7.  If section 8.3 applies with respect to the property, subtract the amount determined under paragraph 6 from the amount determined under paragraph 3. 8.  Subtract the amount determined under paragraph 1 of subsection 329 (1) of the Act from the lesser of the amount determined under paragraph 7, if applicable, and the uncapped taxes for the property for the taxation year. 9.  The amount determined under paragraph 8 is the amount to be added under paragraph 2 of subsection 329 (1) of the Act. O. Reg. 131/17, s. 9; O. Reg. 20/18, s. 1 (2); O. Reg. 65/19, s. 6.