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Frequently Asked Questions

                 

Why would someone need a horse appraised? At some point in a horse owner's life, situations may occur that requires you to prove the value of your horse. This is when you need a professional horse appraiser who is compassionate and can advise you of the proper process and procedures. Sterling examines horse values for sales, donations, litigation, partnerships, collateral and more.

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What types of horses does Sterling usually appraise? Hunters, Jumpers, Equitation Horses, Ponies, Miniature Horses, Western Pleasure & Performance Horses, Trail / Companion Horses. If we don't specialize in your breed or discipline, we are happy to direct you to another Certified Equine Appraiser that does - just contact us for a free referral.

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Who are the equine appraisers and what are their backgrounds? Sterling has the highest caliber appraisers. Feel confident in your selection of Sterling for your horse appraisal needs. Each appraisal is conducted by an expert horse person who at a minimum is an earner of state and national titles, high points, honor rolls, points and awards in several breeds and disciplines and schooled in the hands-on appraisal process. Every partner of our team is certified by the American Society of Equine Appraisers and receives continuing education annually. It's not just a job, it's a passion! (more details)

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Do you provide services to attorneys, accountants or insurance agents? Yes! Visit the professional services page to see everything offered for you and your clients. Then call to discuss your specific needs.

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How much does an appraisal cost? Much like attorneys, in the world of appraisals, you get what you pay for. Our valuations are used in court, for tax purposes and with insurance companies. You can be confident that your appraisal and your appraiser will hold up to the highest standards including litigation and the IRS. Sterling offers appraisal services from $750 to $1,200, depending on the client's need and project scope. We offer volume discounts and extend discounts to members of many equestrian organizations including USEF, AQHA, and 4-H. Please allow us the opportunity to provide a free, no obligation, written quotation.  (more details)

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Can you value a horse that you don't physically see? Because some horses are no longer available for inspection, much of our work is appraising horses that we can not see in person. We conduct appraisals under hypothetical conditions, usually if the horse is deceased or stolen. This type of appraisal requires that we 'assume' some facts by using information obtained through various documents and validated by other sources including but not limited to veterinarians, trainers, breed registry officials, local sale barns, or prior owners. (more details)

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How do you determine value of my horse? There are many way to assess the value of a horse. Sterling evaluates the unique circumstances of each project and then applies the most appropriate method, as defined by the American Society of Equine Appraisers. Most often, we use the Sales Comparison method to determine the "fair market value" of the horse being appraised. Much like real estate, we can review horses that have sold recently with similar characteristics to your horse and add or subtract dollars based on an unbiased evaluation of how your horse stacks up. Recently, Horse & Rider published a chart that depicts this process.

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I am considering donating my horse. Do you have any advice? Donating your horse to a school, therapeutic riding program, or non-profit organization is one of the nicest charitable contributions you can make! First, make sure the organization qualifies as a charity under IRS guideline. The program director should be able to validate this. Then, consult with your accountant to determine if you may be eligible to receive a tax deduction. Some other things to keep in mind in deciding to donate:

IRS regulations generally allow you to deduct "fair market value"-the price your horse would fetch on the day you make the donation. If you are donating an aged, foundered horse to a rescue group, for example, you will not be able to claim the price you paid when he was a 4-year-old show champion. Most nonprofits let the donor determine the fair market value of the horse.

If the value is more than $500, you'll need to file IRS form 8283 with your tax return to claim the deduction.

If the value is more than $5,000, you will need to support the claim with a written appraisal by a qualified, independent expert. If you horse is quite valuable, your accountant may advise you to have two appraisals, in case the IRS disallows one.

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What can I do to be prepared in case I ever need an appraisal? Here are a few pointers from our certified experts:
1) Hire a professional appraiser who remains current on industry trends and who is knowledgeable about your discipline and breed.
2) Maintain a current series of videos and photos of your horse. These will be invaluable to an appraiser if your horse is injured, stolen, or worse.
3) Protect the investment you have in your horses. You may be able to add them to your homeowner's policy. There are also many companies who specialize in equine insurance. (more details)
4) Keep records of your horse spending, winnings, and achievements. This data may be necessary for an accurate appraisal. It may also benefit you at tax time.

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Client Comments

Sally Apter, Esq., Pennsylvania I will refer future clients to you for sure. Thank you for your quick turn-around of the report and professionalism.

Christy Scotch, Alabama When we decided to get our Oldenburg mare appraised by your company, I had several lengthy conversations with your appraisal team. I was very impressed with the professionalism and customer service.

Judi Jackson, California I really appreciate your work and effort in this matter. You looked at the whole picture using your experience and knowledge to help truth to the surface during this difficult case! Thank you from the bottom of my heart.  

Helpful Links

How to write a horse sale contract

Tax Tips for Donating Your Horse

Do I need equine insurance?

Should you insure your horse?

How to file an insurance claim

American Society of Equine Appraisers

 

 

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Sterling Equine Appraisals | 24 Hour Phone 559.217.8533 | info@equineappraisals.com
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