diff --git a/mypy/checker.py b/mypy/checker.py
index fd4486218dc1..8f91f89100b5 100644
--- a/mypy/checker.py
+++ b/mypy/checker.py
@@ -5501,12 +5501,17 @@ def visit_operator_assignment_stmt(self, s: OperatorAssignmentStmt) -> None:
             # Special case, some additional errors may be given for
             # assignments to read-only or final attributes.
             lvalue_type = self.expr_checker.visit_member_expr(s.lvalue, True)
+            # The operator is applied to the value read from the attribute, not
+            # to the type accepted by a setter. These can differ for properties
+            # and descriptors.
+            operator_type = self.expr_checker.visit_member_expr(s.lvalue, False)
         else:
             lvalue_type = self.expr_checker.accept(s.lvalue)
-        inplace, method = infer_operator_assignment_method(lvalue_type, s.op)
+            operator_type = lvalue_type
+        inplace, method = infer_operator_assignment_method(operator_type, s.op)
         if inplace:
             # There is __ifoo__, treat as x = x.__ifoo__(y)
-            rvalue_type, _ = self.expr_checker.check_op(method, lvalue_type, s.rvalue, s)
+            rvalue_type, _ = self.expr_checker.check_op(method, operator_type, s.rvalue, s)
             if not is_subtype(rvalue_type, lvalue_type):
                 self.msg.incompatible_operator_assignment(s.op, s)
         else:
diff --git a/test-data/unit/check-statements.test b/test-data/unit/check-statements.test
index 1db257b06e9a..5783f0999a71 100644
--- a/test-data/unit/check-statements.test
+++ b/test-data/unit/check-statements.test
@@ -2219,6 +2219,29 @@ class A:
 
 [builtins fixtures/float.pyi]
 
+[case testAugmentedAssignmentUsesGetterTypeForProperty]
+class P:
+    def __iadd__(self, other: int) -> P: ...
+
+class Q:
+    def __iadd__(self, other: int) -> int: ...
+
+class C:
+    @property
+    def p(self) -> P: ...
+    @p.setter
+    def p(self, value: P | str) -> None: ...
+
+    @property
+    def q(self) -> Q: ...
+    @q.setter
+    def q(self, value: Q) -> None: ...
+
+c = C()
+c.p += 1
+c.q += 1  # E: Result type of + incompatible in assignment
+[builtins fixtures/property.pyi]
+
 [case testAugmentedAssignmentIntFloatDict]
 from typing import Dict
 d = {'weight0': 65.5}