BERNALILLO COUNTY, N.M. (KRQE) - Bernalillo County commissioners are considering whether to follow the example of other counties and give low-income homeowners a break on their property taxes. But first, they want to know how much money it would cost the county. Story continues below Business: Quantum computing company to open new development hub in New Mexico Community: 8 NM eateries, chefs and bars make James Beard Awards semifinalists list National: NM Department of Justice challenging order ending birthright citizenship It could be a financial relief for homeowners with a low income in Bernalillo County. In 2021, the New Mexico legislature created a law requiring counties to examine the possibility of a tax rebate for residents, every two years. In counties that adopt it, homeowners who make less than $24,000 a year in taxable income can get between $175 and $350 yearly through a property tax rebate program. "This would give some folks some relief given the fact that a lot of folks incomes hasn't increased by very much," said state senator Debbie O'Malley. When she was a Bernalillo County commissioner, she tried to introduce the ordinance years ago, but it didn't get passed. Now, commissioners are taking another look at it following other counties who've implemented this including Los Alamos, Santa Fe, and Doña Ana County. "Colloquially I think what we think of is probably a lot of you know older folks, our elders that work their whole lives and managed to scrape enough by to pay for their home," said Eric Olivas, Bernalillo County Chair. Commissioners said they're interested in the idea, but they're still trying to nail down what impact it would have. Right now, the county's Department of Finance said there are more than 65,406 tax filers in the county who meet the low-income threshold but what they don't know, is how many of them are homeowners. That means the number of people actually eligible for the rebates is unclear and so is the impact on county finances. Commissioners called for more analysis to get those numbers before they take a vote. "Some additional analysis from our staff as well as maybe some independent economic analysis just to really identify, sort of again, what this population looks like, who are these folks, how many individuals are there, and what might the uptake look like. You know we have to keep in mind our fiscal impact to the county's budget and you know what other programs this could affect if it's too expensive," said Olivas. County commissioners will vote next Tuesday on whether to implement the tax rebate.