The Whites suffered a 2-0 defeat to Wednesday at the Hillsborough Stadium away from home in the Championship.
After a goalless first half, Gary Hooper put the Owls in the lead in the 47th minute and doubled the advantage just three minutes later, as the hosts went on to pick up all three points from the game against their Yorkshire rivals.
Taylor, who is 22 years of the and can play as a left-back or as a left-winger, has underlined the difference between Leeds and Wednesday.
"The difference was in both boxes really," the youngster told BBC Radio Leeds. "We didn’t take our chances and they took theirs."
Over the course of the 90 minutes at the Hillsborough Stadium, hosts Wednesday had 47% of the possession, took 11 shots of which five were on target, and earned two corners.
Steve Evans’s side had 53% of the possession, took 12 shots of which four were on target, and earned seven corners.
While the Owls created seven chances and put in seven crosses, visiting team Leeds created seven chances and put in 21 crosses.