'It's a great feeling knowing I reached $200,000 quicker than any other player,' said Taylor. 'Everyone's goal is to make it to the PGA Tour as soon as possible. It's always been a dream of mine and now I have it in my sights.'
Taylor finished regulation tied with Joe Ogilvie at 20-under-par 268 and the duo headed back to the 18th tee to start the extra session at Fox Den Country Club.
Ogilvie, who won the season-opening Jacob's Creek Open, sent his drive into the right rough while Taylor found the fairway off the tee. Ogilvie made matters worse for himself when his second shot fell into the drink.
Playing with an added advantage, Taylor reached the green in two. The Augusta native then two-putted for birdie and the win.
Taylor opened his round with a birdie at the par-5 first and picked up two additional birdies on his front nine to make the turn at 15-under-par.
He had a strong start to his inward half as well with a pair of birdies starting at the par-5 10th. Taylor picked up another birdie at the 14th and ran home back-to-back birdies from the 17th to take the outright lead into the clubhouse after a course record-tying 64.
'You couldn't have asked for a better opportunity than I had at the end of regulation,' said Taylor.
Ogilvie torched the front nine with four birdies and added a birdie at the par-4 11th to stand alone atop the leaderboard at 19-under. He battled to hold his advantage but found himself one back of Taylor with one to play.
The 29-year-old closed with a birdie at the par-5 18th to join Taylor at minus-20 and force a playoff.
'Vaughn is a buzz saw right now,' said Ogilvie. 'He's playing the best golf on tour so I'm happy to see him win.'
Doug LaBelle II posted a 4-under 68 to finish alone in third at 18-under-par 270. Overnight leader John Elliott was one shot further back at 17-under-par 271.
Chris Couch finished alone in fifth at 15-under-par 273 while Lucas Glover followed at 14-under-par 274.
Charles Warren, Danny Briggs, Kevin Pendley, Chris Tidland, and Roland Thatcher finished in a tie for seventh at 13-under-par 275.