For the first time, the total value of property in Madison and Dane County is estimated to be worth more than its counterpart in Milwaukee and Milwaukee County.

Based on 2018 preliminary state Department of Revenue figures, Madison has an equalized property value of $28.7 billion compared to Milwaukee’s equalized value of $28.3 billion.

The preliminary figures show 2018 equalized property values of Dane and Milwaukee counties at $65.0 billion and $64.1 billion, respectively.

Madison’s equalized property value has risen 32.4 percent since 2012, which represents a 24.2 percent increase from its pre-recession peak. For Milwaukee, the city’s preliminary property value remains 12 percent below its pre-recession peak in 2008.

For the full story, read the Wisconsin State Journal article.