USE THE FOLLOWING DATA TO ANSWER THE QUESTION

USE THE FOLLOWING DATA TO ANSWER THE QUESTION.
Swamp City contains the following properties:

All property is currently taxed at 3% of assessed value.
-Fractional assessment refers to:

A) the practice states use to divide formula funding among cities.
B) the balance of corporate profits across state jurisdictions.
C) assessing properties at less than market value for tax purposes.
D) None of the above.