South Holland — Ch. 8.5 Housing § 8.5-30
Methods for establishing a new appraised valuation and appraised valuation date
Operative Text
(a) A member has the option of applying for a new appraisal by a certified appraiser which will then establish a new appraised valuation date. This new appraised valuation shall be subject to the following conditions: (1) Coverage for this new appraised valuation shall not commence until five (5) years have elapsed from the new appraised valuation date. (2) All former appraised valuations shall remain in full force and shall be unaffected in any way by this new appraised valuation. (3) If the EAC, by majority vote, is convinced by the member that the application for a new appraisal is due to substantial property improvements on the insured residence, then the application fee for the appraisal will be one-half of the standard application for appraisal fee then being charged by the EAC. (4) If the EAC, by majority vote, believes the application fee for the new appraisal is not due to substantial property improvements, the application fee for the new appraisal shall be the standard application for appraisal fee then being charged by the EAC. (5) The new appraised valuation shall be subject to all of the conditions, stipulations and provisions of this article. (b) The member will be issued a new certificate of participation which will state the new appraised valuation and the new appraised valuation date. (c) Requests for a new appraised valuation and appraised valuation date will be initiated by a member no more than once within any twelve-month period.
South Holland Ch. 8.5 Housing § 8.5-30 establishes the process by which a program member may obtain a new property appraisal through a certified appraiser, thereby setting a new appraised valuation and valuation date. Coverage under the new valuation does not begin until five years after that new date, and any prior appraised valuations remain fully in effect. Members may request a new appraisal no more than once in any twelve-month period, and upon approval they receive an updated certificate of participation reflecting the new figures.
Plain English — not legal advice.
Under South Holland Ch. 8.5 Housing § 8.5-30, property owners who participate in the program and wish to update their appraised valuation generally submit an application to the EAC along with the applicable fee. Operators who can demonstrate that the reappraisal request stems from substantial property improvements may qualify for a reduced application fee — half the standard rate — if the EAC approves that determination by majority vote. Compliant participants keep in mind that the new valuation does not take effect for coverage purposes until five years have passed from the new appraisal date, and that prior valuations remain in force throughout.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
South Holland Ch. 8.5 Housing § 8.5-30 governs how members of this program — which relates to residential property valuation — may seek an updated appraisal and what rights attach to that process. Residents who believe a new appraisal has been improperly handled, or that the EAC's fee determination was incorrect, may wish to review the conditions set out in this section and consult a tenant-rights organization familiar with South Holland's housing regulations. Because prior appraised valuations remain in full force alongside any new one, understanding how multiple valuations interact may be relevant to anyone affected by a change in their property's appraised status.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 10, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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