The 56-year-old is planning to retire after the 2018 World Championship in January, but ensured that he would end his Matchplay career on a high with another convincing victory.
"I feel good - I've loved every minute of it. During the final I was watching every bit of body language of Peter...he showed every sign of being a little bit tired. I just put him under pressure - it was all I could do really," he told Sky Sports News.
"This has capped everything off for me - this couldn't have come at a better time for me. It's a bonus for me, for my grandchildren, for my fans. It's lovely, it really is. I'm finished now - it's enough.
"I'm done now, my back is in half, my legs are killing me - I'm doing everything I can to prolong my career so to win a major now at my age is fantastic. I'll miss this place tremendously - I've loved it since I first walked through the door."
Taylor has now won 16 of the last 23 editions of the tournament, with no other player having won more than two titles in the competition's history.