''I have sought inspiration from Walsh and would love to emulate his feats for my country,'' the 22-year old said after his 5-91 put West Indies in a commanding position in the second Test against Pakistan.
Walsh retired in 2001 as the highest wicket taker in Test history with 519 wickets.
Taylor, who also comes from Jamaica, said he had simply tried to bowl with discipline as Walsh did.
''The track got better for batting. I tried to bowl fast and put the ball in the right areas as Courtney would do,'' Taylor said.
Walsh has described Taylor as one of the most exciting pace prospects in West Indies cricket.
Taylor said his team's legacy of producing great pacemen would fire on any young cricketer.
''They were greats and they are perfect role models for us,'' he added.
Taylor, who is playing in his ninth Test, triggered a Pakistan batting collapse by dismissing Inzamam in the third over of the day.
''We all know how dangerous a batsman Inzamam is. His was a prized wicket,'' Taylor said.
Taylor felt a lot of hard work remained in the Test.
''The pitch is good for batting but I like to just bowl straight and fast and I think we can get 20 wickets. If we put ball in right areas we have a chance,'' he added.
Taylor said bowling in India in the Champions trophy before coming to Pakistan had helped him prepare for the tour.