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Charl Schwartzel (67) and Graham DeLaet (68) finished a stroke back at 11 under. Shaun Micheel (65) was two shots behind, and Kevin Stadler (68) and Houston resident Jeff Maggert (70) finished four behind.
The event went to a playoff for the second straight year. Paul Casey beat J.B. Holmes last year with a bogey on the first extra hole after Holmes drove into the water.
Taylor played in the group ahead of Kim and forced a playoff with an 18-foot birdie putt on the 18th hole. He backpedaled as the ball curved toward the hole and flipped his putter in the air when it dropped.
Kim, who shared the third-round lead with Bryce Molder, birdied the first hole on Sunday and maintained the outright lead until the 18th. He hit his approach into the greenside bunker, blasted out to 6 feet and missed to the right.
He struggled with his tee shots all weekend, but found the fairway on the playoff hole. Taylor hit the bunker on the right off the tee and couldn't recover.
Kim hit only 23 of 56 fairways in four rounds, the fourth-lowest total for a winner since 1983.
"I was in some spots on the golf course I never thought I could possibly see," Kim said. "But I got out of those with pars and birdies and feel very confident going into next week."
Earlier in the day, Phil Mickelson finished 2 under after an eventful 71. He double-bogeyed three of his first 10 holes, then reeled off six straight birdies to match the best streak on tour this year. Matt Every birdied six consecutive holes in Phoenix.
During his hot stretch on the back nine, Mickelson pulled a special guest out of the gallery to carry his bag. Dr. Tom Buchholz, a radiation oncologist at the M.D. Anderson Cancer Center in Houston, is treating Mickelson's wife and his mother, Amy and Mary, who were both diagnosed with breast cancer last summer.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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