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111 (A)Divide the average Consumer Price Index for All Urban Consumers, Wcst Region,for the prior calendar year by the average U.S. City Average Consumer Price Index for 2002. (B) Recompute the maximum amount of assessed value under subsection (2)(a) or(b) of this section by multiplying $12,500 or $25,000, as applicable, by the appropriate indexing factor determined as provided in subparagraph (A) of this paragraph. (b)As used in this subsection: (A) "Consumer Price Index for All Urban Consumers, West Region" means the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor. (B) "U.S. City Average Consumer Price Index" means the U.S. City Average Consumer Price Index for All Urban Consumers (All Items) as published by the Bureau of Labor Statistics of the United States Department of Labor. (c) If any change in the maximum amount of assessed value determined under paragraph(a) of this subsection is not a multiple of$500, the increase shall be rounded to the nearest multiple of$500. [Amended by 1953 c.349 §3; 1959 c.553 §1; 1965 c.429 §3; 1971 c.529 §34; 1971 c.610 §1; 1973 c.62 §1; 1979 c.529 §3; 1979 c.692 §4; 1981 c.804 §41; 1985 c.422 §1; 1985 c.613 §9; 1991 c.459 §101; 1993 c.813 §1; 1995 c.513 §4; 1997 c.541 §163; 1997 c.819 §1; 2001 c.479 §1; 2003 e.63 §1; 2007 c.613 §2; 2010 c.69 §§1,2; 2013 c.205 §1;2015 c.38 §2; 2015 c.217 §1; 2017 c.420 §1; 2019 c.533 §1] Marion County is located in the heart of the Willamette Valley. Located south of the Portland metropolitan area, Marion County stretches from the Willamette River to the Cascade Mountains encompassing nearly 1,200 square miles. Most of its population of 346,000 can reach the Pacific beaches in under two hours. Quick Facts Capital: Salem Area: 1,182.33 square miles Established: July 5, 1843 Population: 346,868 (2018 estimate)*