Suarez has been saddled with a reputation as a diver for much of his time in the Premier League, but Taylor prefers to focus on the Uruguayan's football ability.
Liverpool welcome Newcastle to Anfield this weekend and Taylor has outlined the various threats Suarez will bring to the game.
"He's a brilliant player," Taylor told the Daily Mirror. "Some of the goals he scores are unbelievable, and as a defender, he's one of the trickiest centre-forwards out there you'll come across.
"He's very direct. He just gets the ball and it's attack, attack, attack.
"The biggest threat from him comes when your team is attacking. That's when he's at his most dangerous because of the swift way he can break. He always seems to be in the right place at the right time and if you're off your guard for even a split-second, he'll punish you."
Regarding the accusations that Suarez is a diver, Taylor added: "People try to target Suarez because of how good he is. They'll do anything they can to make him not do something that gives his team the advantage.
"Not just talking about Suarez, but if strikers can fool everyone else, it's clever from them. At the end of the day, if you're the defender and you allow them to do that, then everyone will look at you and say you've made the mistake.
"That's why our manager tells us that if you're in the box, you touch their player and he goes down, then you've only got yourself to blame."