Franchise and excise tax help in Kingston Springs

County

Cheatham County

Property tax (per $100 assessed, 2025)

1.7530 + 0.57 = 2.3230

Sales tax, combined

9.75%

County Trustee

Cindy Binkley Perry · Ashland City

Assessor of Property

Cindy Dozier Burney · Ashland City

Population, 2020 → 2024

2,819 → 2,769

State and city business tax

Filed with the TN Department of Revenue

Straight-line distance

18.5 miles from Franklin

Sources: TN Comptroller, TN Department of Revenue, U.S. Census Bureau. Details

The franchise tax is 0.25% of the business’s Tennessee net worth, with a $100 minimum, and the excise tax is 6.5% of its Tennessee taxable income, per the Department of Revenue. Both go on one annual return, due the 15th day of the fourth month after the books close.

Public Chapter 950 of 2024 changed the base. For tax years ending on or after January 1, 2024, the property measure on Schedule G is gone, and the franchise tax runs on net worth alone. Businesses that had paid on the old measure could claim refunds for earlier years, but that window ran from May 15 to November 30, 2024 and has closed. Haven’s business tax preparation covers the franchise and excise return alongside the federal one.

Kingston Springs pays 2.3230 per $100 of assessed value for tax year 2025: Cheatham County’s 1.7530 plus the town’s 0.57. That city share is the largest of the three Cheatham towns, ahead of Ashland City’s 0.4648 and Pegram’s 0.3199.

Cheatham County Trustee Cindy Binkley Perry collects the tax through PO Box 56 in Ashland City, the county seat, and Assessor of Property Cindy Dozier Burney sets values from 354 Frey Street, Suite B, in the same town. The Census Bureau counted 2,819 Kingston Springs residents in April 2020 and estimates 2,769 for July 2024, a loss of 50. Neighboring Pegram carries a lower combined rate of 2.0729, and the service areas page has the others.

Kingston Springs charges 9.75%, half a percentage point more than Cheatham County’s 9.25%, according to the Department of Revenue’s fourth-quarter 2026 rate file. The town’s local share is 2.75% against the county’s 2.25%.

Tennessee sets local sales tax rates in multiples of 0.25% and caps them at 2.75%, so the town sits at the ceiling. Food carries a separate state rate of 4%. For a Kingston Springs business that collects sales tax, the rate and the amount collected each month belong in the books, and Haven’s bookkeeping keeps those records current so the business’s state filings and the federal return start from the same figures.