Taylor, who took over the role from John Gregory in February last year, decided to end his reign as manager of Villa on Wednesday lunchtime.
“Contrary to what may be perceived playing results are not the reason for my resignation and I had always believed that last season was going to be one of transition, particularly in respect of emerging young players," said Taylor.
“I would however point out that modern football, with its well publicised financial pressures, involves much wider issues than mere playing matters and those are a major factor in my decision.”