There are multiple definitions - click on the translation that matches your context.

Veranschlagung

Substantiv

full

appraisal

noun

Comparative law notes

Germany

Generally means an assessment or determination of value.

Definitions of appraisal

English

(US) a fair determination of what a piece of land is worth in the current market

Before giving final approval of your mortgage (=loan), the bank will conduct an appraisal of the property.