On behalf of Hastings District Council, mayor Lawrence Yule presented the show's director, Kevin Hansen, with a travel package to thank his family for their hard work.
This year marks Mr Hansen's 17th and final show, which has become the biggest equestrian event in the Southern Hemisphere.
"Without the Hansen family, Horse of the Year in Hastings would not exist. I don't know of any other family who would mortgage their house for an event as you did years ago."
Mr Hansen thanked his wife Sue and paid tribute to his son Andrew. "Hopefully Horse of the Year will continue to go forth."
The guest speaker of the evening was New Zealand Olympic medallist and World Champ representative Jonathan "Jock" Paget, who will compete in the popular cross-country event, at the showgrounds in Hastings at 2.30pm tomorrow.