diff --git a/README.md b/README.md
index 4d3875a26..8b122aa91 100644
--- a/README.md
+++ b/README.md
@@ -49,6 +49,7 @@ We rely on different `django` and `mypy` versions:
 
 | django-stubs   | Mypy version | Django version | Django partial support | Python version |
 |----------------|--------------|----------------|------------------------|----------------|
+| 5.0.3          | 1.11.x       | 5.0            | 4.2                    | 3.8 - 3.12     |
 | 5.0.2          | 1.10.x       | 5.0            | 4.2                    | 3.8 - 3.12     |
 | 5.0.1          | 1.10.x       | 5.0            | 4.2                    | 3.8 - 3.12     |
 | 5.0.0          | 1.10.x       | 5.0            | 4.2, 4.1               | 3.8 - 3.12     |
diff --git a/django-stubs/contrib/admin/utils.pyi b/django-stubs/contrib/admin/utils.pyi
index 521f8a9da..811f86f28 100644
--- a/django-stubs/contrib/admin/utils.pyi
+++ b/django-stubs/contrib/admin/utils.pyi
@@ -75,7 +75,7 @@ def lookup_field(
     name: Callable | str, obj: Model, model_admin: BaseModelAdmin | None = ...
 ) -> tuple[Field | None, str | None, Any]: ...
 @overload
-def label_for_field(  # type: ignore[overload-overlap]
+def label_for_field(
     name: Callable | str,
     model: type[Model],
     model_admin: BaseModelAdmin | None = ...,
diff --git a/django-stubs/db/models/sql/compiler.pyi b/django-stubs/db/models/sql/compiler.pyi
index b000631be..16ace84fb 100644
--- a/django-stubs/db/models/sql/compiler.pyi
+++ b/django-stubs/db/models/sql/compiler.pyi
@@ -98,7 +98,7 @@ class SQLCompiler:
     ) -> Iterator[Sequence[Any]]: ...
     def has_results(self) -> bool: ...
     @overload
-    def execute_sql(  # type: ignore[overload-overlap]
+    def execute_sql(
         self, result_type: Literal["cursor"] = ..., chunked_fetch: bool = ..., chunk_size: int = ...
     ) -> CursorWrapper: ...
     @overload
@@ -106,7 +106,7 @@ class SQLCompiler:
         self, result_type: Literal["no results"] | None = ..., chunked_fetch: bool = ..., chunk_size: int = ...
     ) -> None: ...
     @overload
-    def execute_sql(  # type: ignore[overload-overlap]
+    def execute_sql(
         self, result_type: Literal["single"] = ..., chunked_fetch: bool = ..., chunk_size: int = ...
     ) -> Iterable[Sequence[Any]] | None: ...
     @overload
diff --git a/django-stubs/forms/models.pyi b/django-stubs/forms/models.pyi
index fab91bc9a..5e41fc930 100644
--- a/django-stubs/forms/models.pyi
+++ b/django-stubs/forms/models.pyi
@@ -306,7 +306,7 @@ class ModelMultipleChoiceField(ModelChoiceField[_M]):
 
 def modelform_defines_fields(form_class: type[ModelForm]) -> bool: ...
 @overload
-def _get_foreign_key(  # type: ignore[overload-overlap]
+def _get_foreign_key(
     parent_model: type[Model], model: type[Model], fk_name: str | None = ..., can_fail: Literal[True] = ...
 ) -> ForeignKey | None: ...
 @overload
diff --git a/django-stubs/utils/encoding.pyi b/django-stubs/utils/encoding.pyi
index c8df836d7..f8bd12113 100644
--- a/django-stubs/utils/encoding.pyi
+++ b/django-stubs/utils/encoding.pyi
@@ -60,7 +60,7 @@ def iri_to_uri(iri: None) -> None: ...
 @overload
 def iri_to_uri(iri: str | Promise) -> str: ...
 @overload
-def uri_to_iri(uri: None) -> None: ...  # type: ignore[overload-overlap]
+def uri_to_iri(uri: None) -> None: ...
 @overload
 def uri_to_iri(uri: Any) -> str: ...
 def escape_uri_path(path: str) -> str: ...
diff --git a/django-stubs/utils/formats.pyi b/django-stubs/utils/formats.pyi
index e2182a19b..784ad967c 100644
--- a/django-stubs/utils/formats.pyi
+++ b/django-stubs/utils/formats.pyi
@@ -30,15 +30,11 @@ _T = TypeVar("_T")
 # details it works as expected (all values from Union are `localize`d to str,
 # while type of others is preserved)
 @overload
-def localize(  # type: ignore[overload-overlap]
-    value: builtin_datetime | date | time | Decimal | float | str, use_l10n: bool | None = ...
-) -> str: ...
+def localize(value: builtin_datetime | date | time | Decimal | float | str, use_l10n: bool | None = ...) -> str: ...
 @overload
 def localize(value: _T, use_l10n: bool | None = ...) -> _T: ...
 @overload
-def localize_input(  # type: ignore[overload-overlap]
-    value: builtin_datetime | date | time | Decimal | float | str, default: str | None = ...
-) -> str: ...
+def localize_input(value: builtin_datetime | date | time | Decimal | float | str, default: str | None = ...) -> str: ...
 @overload
 def localize_input(value: _T, default: str | None = ...) -> _T: ...
 def sanitize_separators(value: _T) -> _T: ...
diff --git a/requirements.txt b/requirements.txt
index 8bca9aed5..d226b6934 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -14,5 +14,5 @@ Django==5.0.7; python_version >= '3.10'
 -e .[redis,compatible-mypy,oracle]
 
 # Overrides:
-mypy==1.10.1
+mypy==1.11.0
 pyright==1.1.373
diff --git a/setup.py b/setup.py
index 845bf0b63..66043d480 100644
--- a/setup.py
+++ b/setup.py
@@ -32,7 +32,7 @@ def find_stub_files(name: str) -> List[str]:
 
 # Keep compatible-mypy major.minor version pinned to what we use in CI (requirements.txt)
 extras_require = {
-    "compatible-mypy": ["mypy~=1.10.0"],
+    "compatible-mypy": ["mypy~=1.11.0"],
     "redis": ["redis"],
     "oracle": ["oracledb"],
 }
diff --git a/tests/typecheck/contrib/admin/test_decorators.yml b/tests/typecheck/contrib/admin/test_decorators.yml
index e43f4a993..405695507 100644
--- a/tests/typecheck/contrib/admin/test_decorators.yml
+++ b/tests/typecheck/contrib/admin/test_decorators.yml
@@ -17,7 +17,7 @@
         @admin.display
         def display_property(self) -> str: ...
 
-        @admin.display  # E: Decorators on top of @property are not supported  [misc]
+        @admin.display  # E: Decorators on top of @property are not supported  [prop-decorator]
         @property
         def incorrect_property(self) -> str: ...