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Topic 35. Stationary Storage Tanks
March 28, 2019
This Chapter has been revised in its entirety.
a. Distance Requirement
If the property is located within 300 feet of an above-ground or subsurface stationary storage tank with a capacity of 1,000 gallons or more containing flammable or explosive material, the appraiser must report this information in the appraisal. This includes storage tanks for domestic and commercial uses as well as automotive service station tanks.
b. Comparable Sales
The appraiser should use comparable sales in similar locations, if available.
c. NOV Requirement
The SAR must include the information on the NOV, requiring the Veteran’s signed acknowledgement to ensure the Veteran is fully informed of the situation.