There is a New Zealand horse of the year in each of the racing codes:
- Standardbred or harness racing, either pacers or trotters, and
- Thoroughbred racing or gallopers.
Harness Horse of the Year
The New Zealand Harness Horse of the Year award is awarded to the Standardbred horse who is voted to be the champion horse within a New Zealand racing season. This award is open to all racehorses racing within New Zealand, regardless of age and sex. Overseas performances are now included.
Thoroughbred Racehorse of the Year
The New Zealand Champion Racehorse of the Year is awarded to the Thoroughbred horse who is voted to be the best racehorse within a New Zealand racing season. This award is open to all racehorses racing within New Zealand, regardless of age and sex. Overseas performances are now included.