NOx is highly corrosive gas, if you are venting it close to any building without first scrubbing the fumes, you are going to do damage. If it's wood, it will make the wood far more noncombustible (EDITED I meant to say combustible, spelling correction got me that time), if you have Al gutters, it will eat them up to.
Ideally you would use a fume scrubber, and then vent above the level of your roof. If you are just venting to the outside, you should not only consider the corrosive quality of the outgas, but you should also consider the health of the animals and people close by. I am sure your neighbors are not going to be happy about the brown rusty color gas floating into their yard, not to mention, if your houses are close, the damage you could do to their building.
If you can afford to, make and use a fume scrubber.