County of San Mateo
Environmental Services Agency
Planning and Building Division
[This formula is excerpted from Section 7055 of the County’s Subdivision Regulations]
This worksheet should be completed for any residential subdivision which contains 50 or fewer lots. For subdivisions with more than 50 lots, the County may require either an in-lieu fee or dedication of land.
1. For the parcel proposed for subdivision, look up the value of the land on the most recent equalized assessment roll. (Remember you are interested in the land only.)
Value of Land = $296,750 + 436,398 = $733,148
2. Determine the size of the subject parcel in acres.
Acres of Land = 6,000 + 9,000 = 0.344 acre
3. Determine the value of the property per acre.
a. Set up a ratio to convert the value of the land given its current size to the value of the land if it were an acre in size.
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Formula: Parcel Size in Acres (From Item 2) 1 Acre of Land |
Value of Subject Parcel (From Item 1) Value of Land/Acre |
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Fill Out: 0.344 1 Acre |
$733,148 Value of Land/Acre |
b. Solve for X by cross multiplying.
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Formula: Value of Land = Value of the Subject Parcel (From Item 1) = 733,148 Size of the Subject Parcel in Acres (From Item 2) 0.344 |
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Fill Out:: Value of Land = 733,148 = $2,131,244.10 0.344 |
4.
Determine the number of persons per subdivision.
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Formula: Number of New Lots Created* X 2.81** = Number of Persons Per Subdivision |
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*Example = A 2-lot split would = 1 newly created lot. |
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Fill Out:: 8 X 2.81** = 22.48 |
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**Average number of persons per dwelling unit according to the most recent federal census (1990). |
5. Determine the parkland demand due to the subdivision.
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Formula: Number of Persons Per Subdivision X .003*** Acres/Person = Parkland Demand (From Item 4) |
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Fill Out:: 22.48 X .003*** Acres/Person = 0.06744 |
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*** Section 7055.1 of the County’s Subdivision Ordinance establishes the need for .003 acres of parkland property for each person residing in the County. |
6. Determine the parkland in-lieu fee.
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Formula: Parkland Demand (From Item 5) X Value of the Land/Acre = Parkland In-Lieu Fee (From Item 3.b) |
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Fill Out:: 0.06744 X $2,131,244.10 = $143,731.10 |
MJS:kcd - MJSP1095_WKP.DOC
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