New Zealand, at tea on the second day of the first Test, were 54 for two in reply to England's first innings 232, a deficit of 178 runs.
They were in dire straits at seven for two after Anderson, who started the match on 298 Test wickets, struck twice to remove openers Hamish Rutherford and Peter Fulton.
But former New Zealand captain Taylor, finding the boundary with a frequency beyond England's top order despite the still overcast conditions, hit six fours on his way to 32 not out.
The 30-year-old Anderson, in his 81st Test, did not have long to wait for his 299th wicket after taking the new ball.
One ball after Rutherford had cover-driven him for four, Anderson squared him up with a delivery that swung away, and England captain Alastair Cook, diving to his right, held an excellent low catch at first slip.
Anderson struck again when Fulton nicked a good length ball, low to second slip Graeme Swann.
Lancashire paceman Anderson had taken two wickets for no runs in 17 balls and in the process become only the fourth England bowler after Fred Trueman, Bob Willis and Ian Botham to reach the landmark of 300 Test wickets.
Tim Southee, who removed Joe Root and Matt Prior with successive deliveries, did the bulk of the damage as England lost four wickets for nine runs and finished with a return of four for 58 in 28.2 overs.
England resumed on 160 for four, with Root 25 not out and Bairstow three not out.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
