Irrigation tanks in India are common property resources. Tanks provide not only for irrigation, but also forestry, fishing, domestic water supply, livestock, and other uses. Using empirical results from a study of tank performance from 80 tanks in Tamil Nadu, South India in two time period: 1996-97 and 2009-10, this paper evaluates tank irrigation system performance in terms of economic output and revenue generation forirrigation and other uses. The results indicate that irrigation and other productive uses put together raised the total value of output at tank level by 12%in 1996-97 and just 6%in 2009-10. This may suggest that tank multiple use values are small and getting smaller, and therefore not worth consideration. However, it was also found that, while declining in absolute terms, non-irrigation uses provided the majority of tax revenues and still more than cover government's operation and maintenance expenditure (O&M) budget. This finding provides another reason to consider multiple use values and their linkage with overall system viability.