You're talking about when you're in the block editor, right?
For me, the ribbon tool updates the drawing area when changing the current visibility state, but the name of the visibility state in the pulldown does not change. That's got to be a bug. BTW it works the same with the ribbon docked at the top. It's definitely screwy.
Maybe it's tied to the in-palette preview functionality. That's pretty new, so there's bound to be a fix needed here or there.
Quick Properties works correclty.
Tim Corey, Owner Delta Engineering Systems Redding, CA Autodesk Authorized Value-Added Reseller