In general parlance, the term “taxonomy” refers to a system of defining, naming, and organizing various things into similar groups. WordPress uses taxonomy as a mechanism for grouping blog posts, links, or custom post types. It allows users to take advantage of four built-in taxonomies. Also, the developers have option to create custom taxonomies according to their precise needs while using WordPress 2.3 or later. Hence, it becomes essential for web developers to understand types and usage of taxonomies in WordPress.