Section 153. Tax commission

a.  There  shall  be  within  the office of
  administrative tax appeals a tax commission to consist of the  president
  and  six commissioners who shall be appointed by the mayor for a term of
  six years, except the term of two commissioners first appointed pursuant
  to this section shall be two years, the term of the  president  and  two
  additional  commissioners  shall  be  four  years  and  the  term of the
  remaining two commissioners shall be six years. Each commissioner  shall
  have  at  least  three  years  business  experience in the field of real
  estate or real estate law. At least one resident of each  borough  shall
  be included among the commissioners.
    b.  The tax commission shall be charged with the duty of reviewing and
  correcting all  assessments  of  real  property  made  pursuant  to  the
  provisions of section fifteen hundred six.