12:22 PM PT -- Philip Sokoloski of FilmLA -- the company handling the permitting for this shoot -- tells TMZ ... he was just informed by a colleague that they've gotten word the whole shoot that was scheduled for Wednesday is now officially off.

No word on exactly why, but we're told the production will not move forward. Any equipment that was out there between yesterday and today is likely to be packed up and removed soon.

11:37 AM PT -- Disney+ says Taylor Swift will not be in attendance or be performing on Wednesday during the shoot.

Taylor Swift and the Hollywood sign are going to be one and the same this week ahead of her big debut on Disney+ -- and neighbors there are pissed about it ... TMZ has learned.

Residents who live by the famed landmark near Griffith Park in Los Angeles are up in arms over a production that's been ramping up all week -- which is scheduled to shoot something big on Wednesday ... this according to the film permit notice neighbors have received.

TMZ has obtained a copy of one of those permit notices -- which, BTW, we've confirmed law enforcement is in possession of as well, with cops being put on notice that filming's going down the H'wood sign tomorrow -- and it spells out pretty clearly what's going down.

Check out the notice yourself ... it says they'll be filming for "Disney + TS" and it'll be taking place along Mulholland Highway -- right below the Hollywood sign itself. Prep for the shoot is taking place all day Tuesday, and cameras are scheduled to be rolling all day Wednesday.

Come Thursday ... that's when the production will work on breaking everything down and clearing out -- which is why we're told neighbors around there are furious over all this.

We're told residents in the vicinity feel like this is a massive eyesore, and not just that -- but it's creating a bunch of foot traffic and ruckus that's disturbing their peace and way of life. We're told there's been a lot of internal communication among different home associations and other orgs ... and let's just say, folks there aren't happy with the production.

Unfortunately for them, the show will go on ... and as you can see, there'll be some aerial photography happening as well. We're told drones are expected to be in the mix ... possibly a lot of them. BTW, before Swifties start hiking up the hill ... there's nothing in the permit to explicitly suggest Taylor is going to perform at this thing.

Of course, this performance would be happening one day before Taylor's "Eras" Tour concert movie drops on Disney+ -- although, it'll be a "Taylor's Version" drop, with 4 extra songs.

Disney's been plugging the hell out of this release -- and you gotta imagine they're stoked to be the company Taylor decided to release her film on ... 'cause it was a huge hit in theaters.

Makes sense they'd be doing something big and splashy to promote it even further.

We've reached out to Film L.A. and Taylor's camp ... so far, no word back.