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jamesgangnc[_3_] jamesgangnc[_3_] is offline
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Default Looking to valuate residential propane tank

On Sep 26, 7:25*pm, gwandsh wrote:
Hi all

We have a residential propane tank beside our rural cabin. *It was
filled, at least partially, with fuel for inspection and testing when
we bought the place about 7 years ago. *We guesstimate the tank to be
150 or 200 gallon - the smaller horizontal cylinder style on
"braces". *We are checking our paperwork, but we believe we were
charged for 100 gallons of propane during the fill/test.

The existing propane heater, etc were in sad shape, and when we
finally replaced them we opted for electric appliances instead. The
propane lines were capped and the tank has sat unused since then.

We suspect we will never use it, and want to either sell it or donate
it to a needy cause. If we donate it, we were hoping to get a receipt
for tax purposes.

We are looking to determine what fair market value would be for a
(call it) 200 gallon tank with an estimated 100 gallons of propane in
it? *Obviously I can guesstimate the value of the propane from local
prices - but can I assume the propane would still be usable, or is
being partially full a bad thing in this case? *Maybe somebody has a
similar tank and can remember what they paid for it initially, minus
the fuel?

Tnx


Pretty much all pressure tabks in the us have a date stamp. I believe
propane tank dates are 12 years from oriignal manufacture and every 5
years after that. But I think they can be restamped by an authorized
inspector without a pressure test. High pressure type cylinders
require a pressure test. Propane is low pressure. So yours is
probably out of date. Look around the top of the tank for a stamp.

How far is it from your grill? You could use up the existing propane
in your grill if you can get a line from the tank to the grill.
Forget about transfering it yourself as propane converts to a liquid
at a fairly low pressure so you need a pump to move it from tank to
tank. You can use soft copper as a line if you have any handy. Like
an old hvac refrigerant line.

Even though it's out of date it's still valuable if it's in good
condition. However propane weighs about 4 lbs per gallon and the tank
probably weighs a good bit it's self. So you're looking at 4 or 500
lbs there. Not easy to move.