Expected Behavior:
I would expect the No Meta Box selection in the Meta Box field on the settings for my taxonomy: [My Taxonomy] > Advanced Settings > Visibility would hide the Taxonomy Options from my post editor.
Actual Behavior:
The Taxonomy Meta Box still appears in the post editor. The only way to hide it is to hide it completely by toggling the Show in UI to off, but I still want to be able to see my Taxonomy and terms in the dashboard.