Originally named Taylorsville in 1876, it was home to the International and Great Northern Railroad. In 1882, the Missouri, Kansas and Texas line was established to make Taylor the crossroads of enterprise. Fire destroyed 29 buildings in 1879. Those buildings were rebuilt with brick and mortar and remain a part of today's architecturally significant downtown. Taylor is home to Temple College and is part of the Texas BBQ Trail.
Festivals include Main Street's Zest Fest in May, the Rodeo Association's Tractor Pull in June, the Taylor Rodeo in July, the International BBQ Cook-Off in August, the Taylor Fly-In & Air Race in November and the Parade of Lights in December.