50 IAC 1-3-6 Assessment schedule for horizontal pressure tanks

Sec. 6. ASSESSMENT OF HORIZONTAL PRESSURE TANKS. In order to provide for the uniform assessment of horizontal steel pressure tanks, commonly used for the storage of liquid and gas fuels, the Board has determined the following pricing schedule for such real property, completely installed on saddle pads with normal fittings, but not incuding [sic.] the value of pipe, valves, pumps or foundations: CAPACITY (Gallons) SIZE (Feet) COST 1,000 31/2 × 16 $ 1,200 2,000 5 × 15 2,200 3,000 5 × 22 3,200 4,000 5 × 29 4,100 5,000 5 × 36 4,900 7,500 6 × 37 6,900 10,000 6 × 50 8,900 12,500 6 × 61 10,400 15,000 71/2 × 50 12,500 20,000 71/2 × 65 16,200 Over 20,000 Varied .80 per gallon The depreciation on subject property should be determined from the thirty (30) year economic life schedule on page DP-02 [50 IAC 2 was repealed filed Dec 13, 1989, 5:00 p.m.: 13 IR 864; errata filed Feb 19, 1990, 3:35 p.m.: 13 IR 1187.] of the Real Property Appraisal Manual.