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Praxair seeks tax deferral for improvements on new HQ in Danbury

Praxair is looking for a tax break from Danbury on the company's proposed new headquarters.  Praxair, which is currently headquartered at Matrix Corporate Center in Danbury, purchased the former GE building at Berkshire Corporate Park on Riverview Drive for $20 million. 

 

The estimated cost of new construction and improvements that would be subject to the tax deferral is $33 million. 

 

Planning Director Dennis Elpern wrote to the City Council in a memo to be considered at their meeting Tuesday that he received the application for tax deferral from Praxair.  While it appear to conform to all requirements, he hasn't received a copy of plans for the proposed office building. 

 

The company is seeking a seven year deferral on 100 percent of the assessment increase.  The assessed property value is $14.35 million. 

 

Earlier this year, Praxair ditched plans to build a completely new building with the help of state funding.

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