Bale has proved to be a constant pest for most opponents in recent weeks, moving through the 20-goal mark for the season, and scored in Spurs' 3-1 win at White Hart Lane earlier this season.
But Taylor says the Hammers have to refrain from thinking Tottenham are a one-man side and have to concentrate on their own performance as well.
"The main thing for us on Monday night is to try and worry about ourselves," said Taylor.
"We understand that Tottenham have got lots of fantastic players and they are a great team but we're not bad ourselves.
"Everybody's talking about Gareth Bale because he's playing well and scoring goals. He's one of a number of players that we're going to try to have shackle on Monday night to get a good result.
"I wouldn't want to suggest that Tottenham are a one-player team because they're not.
"They've got lots and lots of exceptional players and we've got to make sure that we keep as close an eye on those players as we can, but also go and do our stuff as and when we get the chance.
"They are on a high now from the Europa League progression into the last 16, so it's going to be a difficult game for us.
"It's a local derby and we want to overturn what was a disappointing result at Tottenham. Everybody at the club at the moment is in a positive frame of mind and in good spirits, and that for me is a fantastic thing.
"Everyone's full of confidence and morale is high, so hopefully we've got a good end to the season coming up."