diff --git a/.changeset/light-rivers-jump.md b/.changeset/light-rivers-jump.md
new file mode 100644
index 000000000000..2454d5715602
--- /dev/null
+++ b/.changeset/light-rivers-jump.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: re-evaluate derived props during teardown
diff --git a/packages/svelte/src/internal/client/reactivity/deriveds.js b/packages/svelte/src/internal/client/reactivity/deriveds.js
index d3123d24a1ca..37e8643e1618 100644
--- a/packages/svelte/src/internal/client/reactivity/deriveds.js
+++ b/packages/svelte/src/internal/client/reactivity/deriveds.js
@@ -19,6 +19,7 @@ import { inspect_effects, set_inspect_effects } from './sources.js';
 import { get_stack } from '../dev/tracing.js';
 import { tracing_mode_flag } from '../../flags/index.js';
 import { component_context } from '../context.js';
+import { UNINITIALIZED } from '../../../constants.js';
 
 /**
  * @template V
@@ -51,7 +52,7 @@ export function derived(fn) {
 		fn,
 		reactions: null,
 		rv: 0,
-		v: /** @type {V} */ (null),
+		v: /** @type {V} */ (UNINITIALIZED),
 		wv: 0,
 		parent: parent_derived ?? active_effect,
 		ac: null
diff --git a/packages/svelte/src/internal/client/reactivity/props.js b/packages/svelte/src/internal/client/reactivity/props.js
index 3501bcd3c722..03daad5251f2 100644
--- a/packages/svelte/src/internal/client/reactivity/props.js
+++ b/packages/svelte/src/internal/client/reactivity/props.js
@@ -1,18 +1,26 @@
-/** @import { Derived, Source } from './types.js' */
+/** @import { ComponentContext } from '#client' */
+/** @import { Derived, Effect, Source } from './types.js' */
 import { DEV } from 'esm-env';
 import {
 	PROPS_IS_BINDABLE,
 	PROPS_IS_IMMUTABLE,
 	PROPS_IS_LAZY_INITIAL,
 	PROPS_IS_RUNES,
-	PROPS_IS_UPDATED
+	PROPS_IS_UPDATED,
+	UNINITIALIZED
 } from '../../../constants.js';
 import { get_descriptor, is_function } from '../../shared/utils.js';
 import { set, source, update } from './sources.js';
 import { derived, derived_safe_equal } from './deriveds.js';
-import { get, untrack } from '../runtime.js';
+import {
+	active_effect,
+	get,
+	is_destroying_effect,
+	set_active_effect,
+	untrack
+} from '../runtime.js';
 import * as e from '../errors.js';
-import { LEGACY_PROPS, STATE_SYMBOL } from '#client/constants';
+import { DESTROYED, LEGACY_PROPS, STATE_SYMBOL } from '#client/constants';
 import { proxy } from '../proxy.js';
 import { capture_store_binding } from './store.js';
 import { legacy_mode_flag } from '../../flags/index.js';
@@ -92,7 +100,7 @@ export function rest_props(props, exclude, name) {
 
 /**
  * The proxy handler for legacy $$restProps and $$props
- * @type {ProxyHandler<{ props: Record<string | symbol, unknown>, exclude: Array<string | symbol>, special: Record<string | symbol, (v?: unknown) => unknown>, version: Source<number> }>}}
+ * @type {ProxyHandler<{ props: Record<string | symbol, unknown>, exclude: Array<string | symbol>, special: Record<string | symbol, (v?: unknown) => unknown>, version: Source<number>, parent_effect: Effect }>}}
  */
 const legacy_rest_props_handler = {
 	get(target, key) {
@@ -102,17 +110,25 @@ const legacy_rest_props_handler = {
 	},
 	set(target, key, value) {
 		if (!(key in target.special)) {
-			// Handle props that can temporarily get out of sync with the parent
-			/** @type {Record<string, (v?: unknown) => unknown>} */
-			target.special[key] = prop(
-				{
-					get [key]() {
-						return target.props[key];
-					}
-				},
-				/** @type {string} */ (key),
-				PROPS_IS_UPDATED
-			);
+			var previous_effect = active_effect;
+
+			try {
+				set_active_effect(target.parent_effect);
+
+				// Handle props that can temporarily get out of sync with the parent
+				/** @type {Record<string, (v?: unknown) => unknown>} */
+				target.special[key] = prop(
+					{
+						get [key]() {
+							return target.props[key];
+						}
+					},
+					/** @type {string} */ (key),
+					PROPS_IS_UPDATED
+				);
+			} finally {
+				set_active_effect(previous_effect);
+			}
 		}
 
 		target.special[key](value);
@@ -151,7 +167,19 @@ const legacy_rest_props_handler = {
  * @returns {Record<string, unknown>}
  */
 export function legacy_rest_props(props, exclude) {
-	return new Proxy({ props, exclude, special: {}, version: source(0) }, legacy_rest_props_handler);
+	return new Proxy(
+		{
+			props,
+			exclude,
+			special: {},
+			version: source(0),
+			// TODO this is only necessary because we need to track component
+			// destruction inside `prop`, because of `bind:this`, but it
+			// seems likely that we can simplify `bind:this` instead
+			parent_effect: /** @type {Effect} */ (active_effect)
+		},
+		legacy_rest_props_handler
+	);
 }
 
 /**
@@ -366,16 +394,24 @@ export function prop(props, key, flags, fallback) {
 	// create a derived that we can write to locally.
 	// Or we are in legacy mode where we always create a derived to replicate that
 	// Svelte 4 did not trigger updates when a primitive value was updated to the same value.
-	var d = ((flags & PROPS_IS_IMMUTABLE) !== 0 ? derived : derived_safe_equal)(getter);
+	var overridden = false;
+
+	var d = ((flags & PROPS_IS_IMMUTABLE) !== 0 ? derived : derived_safe_equal)(() => {
+		overridden = false;
+		return getter();
+	});
 
 	// Capture the initial value if it's bindable
 	if (bindable) get(d);
 
+	var parent_effect = /** @type {Effect} */ (active_effect);
+
 	return function (/** @type {any} */ value, /** @type {boolean} */ mutation) {
 		if (arguments.length > 0) {
 			const new_value = mutation ? get(d) : runes && bindable ? proxy(value) : value;
 
 			set(d, new_value);
+			overridden = true;
 
 			if (fallback_value !== undefined) {
 				fallback_value = new_value;
@@ -384,8 +420,12 @@ export function prop(props, key, flags, fallback) {
 			return value;
 		}
 
-		// TODO is this still necessary post-#16263?
-		if (has_destroyed_component_ctx(d)) {
+		// special case — avoid recalculating the derived if we're in a
+		// teardown function and the prop was overridden locally, or the
+		// component was already destroyed (this latter part is necessary
+		// because `bind:this` can read props after the component has
+		// been destroyed. TODO simplify `bind:this`
+		if ((is_destroying_effect && overridden) || (parent_effect.f & DESTROYED) !== 0) {
 			return d.v;
 		}
 
diff --git a/packages/svelte/src/internal/client/runtime.js b/packages/svelte/src/internal/client/runtime.js
index 8e6242447e73..5d3a7b49fc27 100644
--- a/packages/svelte/src/internal/client/runtime.js
+++ b/packages/svelte/src/internal/client/runtime.js
@@ -26,7 +26,7 @@ import {
 } from './constants.js';
 import { flush_tasks } from './dom/task.js';
 import { internal_set, old_values } from './reactivity/sources.js';
-import { destroy_derived_effects, update_derived } from './reactivity/deriveds.js';
+import { destroy_derived_effects, execute_derived, update_derived } from './reactivity/deriveds.js';
 import * as e from './errors.js';
 
 import { tracing_mode_flag } from '../flags/index.js';
@@ -41,6 +41,7 @@ import {
 	set_dev_stack
 } from './context.js';
 import { handle_error, invoke_error_boundary } from './error-handling.js';
+import { UNINITIALIZED } from '../../constants.js';
 
 let is_flushing = false;
 
@@ -774,7 +775,7 @@ export function get(signal) {
 		}
 	}
 
-	if (is_derived) {
+	if (is_derived && !is_destroying_effect) {
 		derived = /** @type {Derived} */ (signal);
 
 		if (check_dirtiness(derived)) {
@@ -815,13 +816,48 @@ export function get(signal) {
 		}
 	}
 
-	if (is_destroying_effect && old_values.has(signal)) {
-		return old_values.get(signal);
+	if (is_destroying_effect) {
+		if (old_values.has(signal)) {
+			return old_values.get(signal);
+		}
+
+		if (is_derived) {
+			derived = /** @type {Derived} */ (signal);
+
+			var value = derived.v;
+
+			// if the derived is dirty, or depends on the values that just changed, re-execute
+			if ((derived.f & CLEAN) !== 0 || depends_on_old_values(derived)) {
+				value = execute_derived(derived);
+			}
+
+			old_values.set(derived, value);
+
+			return value;
+		}
 	}
 
 	return signal.v;
 }
 
+/** @param {Derived} derived */
+function depends_on_old_values(derived) {
+	if (derived.v === UNINITIALIZED) return true; // we don't know, so assume the worst
+	if (derived.deps === null) return false;
+
+	for (const dep of derived.deps) {
+		if (old_values.has(dep)) {
+			return true;
+		}
+
+		if ((dep.f & DERIVED) !== 0 && depends_on_old_values(/** @type {Derived} */ (dep))) {
+			return true;
+		}
+	}
+
+	return false;
+}
+
 /**
  * Like `get`, but checks for `undefined`. Used for `var` declarations because they can be accessed before being declared
  * @template V
diff --git a/packages/svelte/tests/runtime-runes/samples/derived-cleanup-old-value/_config.js b/packages/svelte/tests/runtime-runes/samples/derived-cleanup-old-value/_config.js
new file mode 100644
index 000000000000..694dccdcf8a0
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/derived-cleanup-old-value/_config.js
@@ -0,0 +1,22 @@
+import { flushSync } from 'svelte';
+import { test } from '../../test';
+
+export default test({
+	async test({ assert, logs, target }) {
+		const [increment] = target.querySelectorAll('button');
+
+		flushSync(() => increment.click());
+		flushSync(() => increment.click());
+		flushSync(() => increment.click());
+
+		assert.deepEqual(logs, [
+			'count: 1',
+			'squared: 1',
+			'count: 2',
+			'squared: 4',
+			'count: 3',
+			'squared: 9',
+			'count: 4'
+		]);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/derived-cleanup-old-value/main.svelte b/packages/svelte/tests/runtime-runes/samples/derived-cleanup-old-value/main.svelte
new file mode 100644
index 000000000000..a4c58a8e991c
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/derived-cleanup-old-value/main.svelte
@@ -0,0 +1,20 @@
+<script>
+	let count = $state(1);
+	let squared = $derived(count * count);
+
+	$effect(() => {
+		console.log(`count: ${count}`);
+
+		return () => {
+			console.log(`squared: ${squared}`);
+		};
+	});
+</script>
+
+<button onclick={() => count++}>increment</button>
+
+<p>count: {count}</p>
+
+{#if count % 2 === 0}
+	<p id="squared">squared: {squared}</p>
+{/if}
diff --git a/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/Component.svelte b/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/Component.svelte
new file mode 100644
index 000000000000..3c863c7fc94c
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/Component.svelte
@@ -0,0 +1,15 @@
+<script>
+	let { message, count } = $props();
+
+	$effect(() => () => {
+		console.log(count, message);
+	});
+</script>
+
+<p>{count}</p>
+
+<!-- we need these so that the props are made into deriveds -->
+<button disabled onclick={() => {
+	count += 1;
+	message += '!';
+}}>update</button>
diff --git a/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/_config.js b/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/_config.js
new file mode 100644
index 000000000000..1f6e5d1f7f96
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/_config.js
@@ -0,0 +1,17 @@
+import { test } from '../../test';
+import { flushSync } from 'svelte';
+
+export default test({
+	async test({ assert, target, logs }) {
+		const [increment, toggle] = target.querySelectorAll('button');
+
+		flushSync(() => toggle.click());
+		assert.deepEqual(logs, [0, 'hello']);
+
+		flushSync(() => toggle.click());
+		flushSync(() => increment.click());
+		flushSync(() => increment.click());
+
+		assert.deepEqual(logs, [0, 'hello', 1, 'hello']);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/main.svelte b/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/main.svelte
new file mode 100644
index 000000000000..1a97d3e760d6
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/effect-teardown-derived/main.svelte
@@ -0,0 +1,13 @@
+<script>
+	import Component from "./Component.svelte";
+
+	let message = $state('hello');
+	let count = $state(0);
+</script>
+
+<button onclick={() => count++}>{count}</button>
+<button onclick={() => message = message === 'hello' ? 'goodbye' : 'hello'}>{message}</button>
+
+{#if count < 2 && message === 'hello'}
+	<Component {count} {message} />
+{/if}