Why choose an Equine Appraiser?
An Equine Appraisal is a unique service created to establish current market values of horses for purposes such as donations, purchases, insurance policies and claims, divorce, estate settlements and litigation. Horses are considered personal property and fall under the same guidelines as stated in the Personal Property Appraisers Guide. A professional report is created for each appraisal. This service is vital to all horse owners, as well as attorneys, accountants and insurance companies that deal with cases involving horses. If a client is involved in a court case and has hired a non-equine attorney, a knowledgeable and experienced Equine Appraiser can go over key evidence and help draw up rebuttal questions or research important evidence for the case, as well as providing invaluable equine expert witness testimony.
What can a Certified Equine Appraisal be used for?
- To establish market value
- For insurance purposes
- For legal matters, estate matters, matrimonial agreements, wills and dissolving or establishing partnerships
- For bank financing and/or collateral
- For sales or transfer of titles
- Any other reason for placing a value on a horse
What does your Certified Daventry Equine Appraisal include?
- We offer a free, no obligation initial consultation by telephone
- A professional inspection on site (if applicable)
- Detailed data collection, including all pertinent information
- Analysis of the subject horse
- Comparison of the subject horse to others in the current market
- A complete detailed report with full information, photographs and a letter of opinion suitable for legal, financial, insurance and estate matters
- Professional, bound reports that are admissible in court
- All appraisals are strictly confidential
- Normal time required for an appraisal is 10-14 days from receipt of pertinent information and deposit. Appraisals needed in a shorter time frame are available. Please contact us directly to discuss.
What types of horses does Daventry Equine Appraisal Services appraise?
Tracy is a long time competitor on the hunter/jumper and dressage circuits, active in the breeding of Warmbloods and Welsh & Half Welsh Hunter Ponies, a respected equine judge with both the United States Equestrian Federation and Equine Canada in multiple disciplines and an inspector for various breeds. She is most often asked to appraise hunter/jumpers & equitation horses, dressage horses, eventers, ponies, western pleasure horses, reiners, race horses, driving horses and trail/companion horses. We are also familiar with some of the more Rare Breeds - Andalusians, Friesians, Lusitanos, Spotted Draft Horses, Miniature Horses, Canadian Horses, Welsh Cobs, Gypsy Vanners, Norwegian Fjords, Connemaras, Cleveland Bays, Gaited Breeds and have trained and/or judged them throughout the years as well. Over the years, Tracy has appraised everything from the beloved family horse to six figure Grand Prix Dressage horses. Read more about Tracy's equine experience with various breeds HERE.
Do you provide services to Attorneys, Accountants or Insurance Agents?
Yes. Daventry Equine Appraisals have been used in court, for tax purposes and for some of the major insurance companies in both the United States and Canada. You can be confident that your appraisal will hold up to the highest standards, including litigation and the IRS/CRA.
Are your appraisals certified to be used in a court of law?
Yes. Daventry Equine appraisals are considered "Certified" for legal purposes in Canada, the United States and Internationally. Tracy is also qualified as an "Equine Expert Witness" in Court proceedings.
Can Daventry Equine Appraisals determine the value of a horse they haven't physically seen?
Yes. Because some horses are no longer available for inspection (ie. deceased, stolen, previously donated, no access to the horse or the appraisal is based on some point in the past), much of our work is done by conducting appraisals under hypothetical conditions. This type of appraisal requires that we "assume" some facts by using information obtained through documentation and validation by other sources, including but not limited to veterinarians, trainers, registry officials, local sales, and/or prior owners. It should be noted that appraisals that are needed for court, and involve a living horse and a current appraisal date, should have an on-site inspection of the animal done. Appraisals done on a living horse, with a current appraisal date, solely by video and photographs may not stand up in court.
What does current market value mean?
This is the highest price, estimated in terms of money, that an informed buyer would pay for a particular horse on any given day.
I am considering donating my horse. What do I need to know before donating?
Donating your horse to a school or non-profit organization is a good, charitable contribution you can make. First, make sure that the school or organization does qualify as a charity or non-profit organization under the IRS/CRA guidelines. Then consult with an accountant to determine if you may be eligible to receive a tax deduction. The IRS/CRA will allow you to deduct the "fair market value" price your horse would bring on the day you make the donation. Example; if you donate an aged equine that has been retired from hunter/jumper competition, you will not be able to claim the same price you paid for him as a young, sound Jumper Champion. If the value is more than $5,000, you will need to support the claim with a written appraisal by a qualified, independent expert.
What affects your horse's value?
- Physical traits such as age, health and conformation
- Breed type and breed characteristics
- Accomplishments including training, show records and earnings
- Value and success of offspring
- Current economic and marketing trends
Factors that do not affect your horse's value?
- Emotional attachment
- Perceived value
- Direct or indirect costs of ownership maintenance, veterinary bills and financial needs
How much does it cost to get a Certified Equine Appraisal done?
- An average appraisal costs approximately $450, however, each appraisal is unique so please call for your individualized quote
- Discounts are available for multiple horses
- Contact us for fees and information
- We have a Price Match Guarantee. If you've received a lower quote, we'll match it or beat it
Tracy is one of only a handful of Senior Equine Appraiser in North America. What is the difference between an Accredited Equine Appraiser and a Senior Equine Appraiser?
An Accredited Equine Appraiser is an entry level appraiser with the American Society of Equine Appraisers (ASEA). Accredited Appraiser applicants should complete the ASEA Principles of Valuation course (35 hours), ASEA Advanced Principles of Valuation course (70 hours) and the Uniform Standards of Professional Appraisal Practice (USPAP) 15-hour course. It should be noted that there is no mandatory continuing education or courses required for Accredited Equine Appraisers. All courses and continuing education are done on a strictly volunteer basis. So while an Accredited Equine Appraiser may hold a valid and current equine appraisal membership, it does not necessarily mean they have completed all of the courses and programs set out by the appraisal organization.
A Senior Equine Appraiser is an accredited member who has successfully completed ASEA's Professional Appraisal Courses (105 hours), has met the Appraiser Qualifications Board's Personal Property Appraisal Minimum Qualification Criteria (minimum 700 appraisal hours), completed the 15-hour Uniform Standards of Appraisal Practice (USPAP) course and is an ASEA member in good standing. Senior Appraisers must also meet the Criteria's continuing education requirements every five years to retain their Senior status. When hiring an Appraiser, it is important to ask what kind of continuing education and courses an appraiser has taken. As markets are constantly changing, it is important that an appraiser keep themselves current and understands how to properly perform, develop and write a personal property appraisal.
I am in need of an Equine Attorney. Are there any you can recommend?
While we may not always be able to recommend a specific attorney in your State or Province, we can certainly help point you to the Equine Attorneys available in your area. It is important to note that if you do seek the help of an Equine Attorney, it may be beneficial to find an attorney who practices in your home State or Province, as laws may vary from State to State, or Province to Province.