diff --git a/package.json b/package.json
index b3a1be3b58..261821a9fc 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "redash-client",
-  "version": "23.11.0-dev",
+  "version": "24.01.0-dev",
   "description": "The frontend part of Redash.",
   "main": "index.js",
   "scripts": {
diff --git a/pyproject.toml b/pyproject.toml
index 159a97e362..28de51b2dc 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -12,7 +12,7 @@ force-exclude = '''
 
 [tool.poetry]
 name = "redash"
-version = "23.11.0-dev"
+version = "24.01.0-dev"
 description = "Make Your Company Data Driven. Connect to any data source, easily visualize, dashboard and share your data."
 authors = ["Arik Fraimovich <arik@redash.io>"]
 # to be added to/removed from the mailing list, please reach out to Arik via the above email or Discord
diff --git a/redash/__init__.py b/redash/__init__.py
index 3f7737123f..bcb1f184bd 100644
--- a/redash/__init__.py
+++ b/redash/__init__.py
@@ -14,7 +14,7 @@
 from redash.destinations import import_destinations
 from redash.query_runner import import_query_runners
 
-__version__ = "23.11.0-dev"
+__version__ = "24.01.0-dev"
 
 
 if os.environ.get("REMOTE_DEBUG"):
diff --git a/redash/models/__init__.py b/redash/models/__init__.py
index ead454bbd7..a3e594b7d3 100644
--- a/redash/models/__init__.py
+++ b/redash/models/__init__.py
@@ -810,6 +810,18 @@ def lowercase_name(cls):
     def parameters(self):
         return self.options.get("parameters", [])
 
+    @property
+    def default_parameters_query_text(self):
+        if any(self.parameters_dict):
+            return self.parameterized.apply(self.parameters_dict).query
+        else:
+            return self.query_text
+
+    @property
+    def parameters_dict(self):
+        # ignore the parameter if no default value is set
+        return {p["name"]: p.get("value") for p in self.parameters if p.get("value")}
+
     @property
     def parameterized(self):
         return ParameterizedQuery(self.query_text, self.parameters, self.org)
@@ -831,7 +843,7 @@ def dashboard_api_keys(self):
     def update_query_hash(self):
         should_apply_auto_limit = self.options.get("apply_auto_limit", False) if self.options else False
         query_runner = self.data_source.query_runner if self.data_source else BaseQueryRunner({})
-        self.query_hash = query_runner.gen_query_hash(self.query_text, should_apply_auto_limit)
+        self.query_hash = query_runner.gen_query_hash(self.default_parameters_query_text, should_apply_auto_limit)
 
 
 @listens_for(Query, "before_insert")
diff --git a/redash/tasks/queries/maintenance.py b/redash/tasks/queries/maintenance.py
index bbfebd053f..aab077dc15 100644
--- a/redash/tasks/queries/maintenance.py
+++ b/redash/tasks/queries/maintenance.py
@@ -52,23 +52,18 @@ def _should_refresh_query(query):
 
 
 def _apply_default_parameters(query):
-    parameters = {p["name"]: p.get("value") for p in query.parameters}
-    if any(parameters):
-        try:
-            return query.parameterized.apply(parameters).query
-        except InvalidParameterError as e:
-            error = f"Skipping refresh of {query.id} because of invalid parameters: {str(e)}"
-            track_failure(query, error)
-            raise
-        except QueryDetachedFromDataSourceError as e:
-            error = (
-                f"Skipping refresh of {query.id} because a related dropdown "
-                f"query ({e.query_id}) is unattached to any datasource."
-            )
-            track_failure(query, error)
-            raise
-    else:
-        return query.query_text
+    try:
+        return query.default_parameters_query_text
+    except InvalidParameterError as e:
+        error = "Skipping refresh of {} because of invalid parameters: {}".format(query.id, str(e))
+        track_failure(query, error)
+        raise
+    except QueryDetachedFromDataSourceError as e:
+        error = (
+            "Skipping refresh of {} because a related dropdown " "query ({}) is unattached to any datasource."
+        ).format(query.id, e.query_id)
+        track_failure(query, error)
+        raise
 
 
 class RefreshQueriesError(Exception):