An evaluation or appraisal made by an expert or official of value, damage extent, or budgets (commonly used for property, vehicle purchases, insurance claims, etc.).
車を売る前に査定を受けておいたほうがいい。
It's better to have the car appraised before selling it.
保険会社が被害額を査定して支払い額を決めた。
The insurance company assessed the amount of damage and decided the payout.
予算の再査定が必要になった。
A reassessment of the budget became necessary.