diff --git a/docs/release-notes/version-2.9.md b/docs/release-notes/version-2.9.md
index bfc5642af..aec9817f2 100644
--- a/docs/release-notes/version-2.9.md
+++ b/docs/release-notes/version-2.9.md
@@ -6,6 +6,7 @@
 
 * [#5063](https://github.com/netbox-community/netbox/issues/5063) - Fix "add device" link in rack elevations for opposite side of half-depth devices
 * [#5074](https://github.com/netbox-community/netbox/issues/5074) - Fix inclusion of VC member interfaces when viewing VC master
+* [#5081](https://github.com/netbox-community/netbox/issues/5081) - Fix exception during webhook processing with custom select field
 
 ---
 
diff --git a/netbox/extras/api/customfields.py b/netbox/extras/api/customfields.py
index 5ef983977..f096fb4a6 100644
--- a/netbox/extras/api/customfields.py
+++ b/netbox/extras/api/customfields.py
@@ -158,7 +158,7 @@ class CustomFieldModelSerializer(ValidatedModelSerializer):
         instance.custom_fields = {}
         for field in custom_fields:
             value = instance.cf.get(field.name)
-            if field.type == CustomFieldTypeChoices.TYPE_SELECT and value is not None:
+            if field.type == CustomFieldTypeChoices.TYPE_SELECT and value:
                 instance.custom_fields[field.name] = CustomFieldChoiceSerializer(value).data
             else:
                 instance.custom_fields[field.name] = value