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§ 153. Tax commission. a. There shall be 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.