Bond Initiative - Measure Y
“Temecula B&I”, as shown on your property tax bill, refers to a Bond initiative (known as Measure Y) that was proposed by the Temecula Valley Unified School District and passed by voters in November of 2012. The measure was proposed due to increased facilities needs resulting from expanding District territory and compounded by reductions in available State funding. The passing of the bond initiative by the voters resulted in the property assessment on your tax bill.
Please note, this assessment was assessed to all real property parcels that reside within district boundaries, regardless of city limits, and/or if you have children actually attending the school district.
Rates can increase and decrease as deemed necessary by the County to service the outstanding debt as indicated in the Measure “Y” ballot language. Measure “Y” ballot language can be found clicking here.
Assessments will continue until all authorized debt is paid in full. The district is currently authorized to issue up to $165,000,000 of general obligation bonds; of which, $72,412,035 has been issued, and $92,587,965 remains available to be issued. The current payoff date is scheduled for August 1, 2045. However, this date will be extended with any new bond issuances from the remaining available balance.
This is a mandatory tax as it was passed by the majority of voters.
There are no discounts, waivers, or other exemptions available.
Financial and construction information is available on our website at the Measure Y webpage by clicking the link here.