Segmentation-based image coding methods provide high compression ratios when compared with traditional image coding approaches like the transform and sub band coding for low bit-rate compression applications. In this paper, a segmentation-based image coding method, namely the Binary Space Partition scheme, that divides the desired image using a recursive procedure for coding is presented. The BSP approach partitions the desired image recursively by using bisecting lines, selected from a collection of discrete optional lines, in a hierarchical manner. This partitioning procedure generates a binary tree, which is referred to as the BSP-tree representation of the desired image. The algorithm is extremely complex in computation and has high execution time. The time complexity of the BSP scheme is explored in this work.