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Scrounge
My Little Pony - 1992 Edition
Wallet After Summer Sale -
Not a Llama - Happy April Fools Day!
Since the Beginning  -

nobody's favorite
I think that ship sailed when the series started and they called Equestria a kingdom even though it was ruled over by Princess Celestia (and Luna’s return does nothing but make this weirder).
Ferrotter
The End wasn't The End - Found a new home after the great exodus of 2012

The Crystal Empire has been ruled by a king and a princess. Never by an emperor. And whatever its own soverignty, it’s under the rule of Canterlot, which is also ruled by princesses.
Mad Black
Cool Crow - "Caw!" An awesome tagger
Magnificent Metadata Maniac - #1 Assistant
Speaking Fancy - For helping with translations
The End wasn't The End - Found a new home after the great exodus of 2012

@Spiritus Arcane  
@Mr_Silence  
Even principality would be to big for a village like Ponyville. It is more like a Fief, maybe a Duchy if we count some of the surrounding area.  
The Chrystal Empire looks more like it would be a principality. But sonce Twilight is a princess her feudatory would be technically a principality.  
But Equestria is ruled by a princess, and it seems like a state of at least continental measurement, it would only be a principality. Even if it should be a kingdom, or even an (real) empire. Which would be fitting since empires can be ruled by a single empress (Celestia) or an oligarchy (all the Princesses together).