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SHERIDAN — A bill to offer broadscale property tax relief could have adverse impacts on local governments and tax authorities, according to various organizations. House Bill 169 — Homeowner tax exemption — 2025 and 2026 — would exempt 50% of a home’s first $1 million in fair market value from property tax assessment. In Sheridan County, that would mean the median home would be assessed for a fair market value of $143,241.50, rather than an estimated value for 2024 of $386,483. The bill includes a provision that the exemption would only appl...