The defence had argued the actor did not check the vet records of 10-year-old animal named Zorro.
The jury’s award covers the cost of the horse and additional boarding costs.
The $120,000 (£73,000) horse had been intended for Selleck’s 20-year-old daughter, Hannah, to ride in amateur competitions.
A second trial will be held next week to determine how much Selleck should be paid in damages.
“We are pleased with the jury’s verdict and we look forward to the proceedings on Tuesday,” said Selleck’s lawyer, George Knopfler.
He declined to say how much the actor was seeking in punitive damages.
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