diff --git a/base_requirements.txt b/base_requirements.txt
index 3f661b6da..82c2d1abc 100644
--- a/base_requirements.txt
+++ b/base_requirements.txt
@@ -53,8 +53,7 @@ django-tables2
 
 # User-defined tags for objects
 # https://github.com/jazzband/django-taggit/blob/master/CHANGELOG.rst
-# TODO: Upgrade to v5.0 for NetBox v3.7 beta
-django-taggit<5.0
+django-taggit
 
 # A Django field for representing time zones
 # https://github.com/mfogel/django-timezone-field/
diff --git a/requirements.txt b/requirements.txt
index ab1318ce7..a9d7e710c 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -11,7 +11,7 @@ django-redis==5.4.0
 django-rich==1.8.0
 django-rq==2.9.0
 django-tables2==2.6.0
-django-taggit==4.0.0
+django-taggit==5.0.1
 django-timezone-field==6.1.0
 djangorestframework==3.14.0
 drf-spectacular==0.26.5