Looking to valuate residential propane tank

gwandsh · 2011-09-26T23:25:28+00:00

Hi allWe have a residential propane tank beside our rural cabin. It wasfilled, at least partially, with fuel for inspection and testing whenwe bought the place about 7 years ago. We guesstimate the tank to be150 or 200 gallon - the smaller horizontal cylinder style on"braces". We are checking our paperwork, but we believe we werecharged for 100 gallons of propane during the fill/test.The existing propane heater, etc were in sad shape, and when wefinally replaced them we opted for electric appliances instead. Thepropane 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 donateit to a needy cause. If we donate it, we were hoping to get a receiptfor 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 init? Obviously I can guesstimate the value of the propane from localprices - but can I assume the propane would still be usable, or isbeing partially full a bad thing in this case? Maybe somebody has asimilar tank and can remember what they paid for it initially, minusthe fuel?Tnx

Sep 26, 2011 20 Replies

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jamesgangnc 15 years ago

It's not really possible to transfer much of the propane to a smaller tank without a pump. You'd be better off getting a piece of soft copper tubing or the newer flexible gas line to connect your tank to your grill. How far from your tank to your grill?

Most of the propane in your tank is a liquid. As you draw off gas propane some of the liquid propane turns to gas to replace it. If you pay attention at a propane filling station they have an electric pump that draws from the bottom of their tank.

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