James Taylor V (1769–1848) was an American banker, Quartermaster general, and one of the wealthiest early settlers of Kentucky. He was a founder of the city of Newport, Kentucky.
Taylor was the fifth child born to James Taylor IV and his wife, Anne Hubbard Taylor in Midway, Virginia. His father, James Taylor IV, bought 2,700 acres (11 km2) of land in Northern Kentucky from his friend George Muse, which was part of the land Muse had been awarded for his military service in the French and Indian War. The Taylor family had two cousins, James Madison and Zachary Taylor, who later become presidents of the United States.
On April 1, 1792, just short of his 23rd birthday, James Taylor V left his father's plantation for Kentucky accompanied by three slaves, Moses, Humphrey and Adam, along with an English Army deserter, Robert Christy, and Christy's wife and their three children. They reached Newport June 20 but couldn't find lodging so he stayed at Ft. Washington in Cincinnati. His enslaved men worked through the summer to clear 16 acres (65,000 m2) in fields along the Licking, plant two corn crops and build a small cabin on lot no. 6 at the southwest corner of Second Street and Central Avenue. He became the driving force behind the settlement's development. He laid out the first road to Lexington in August with Jacob and Edward Fowler. In 1794 James Taylor tapped his connections with Kentucky's leaders to lobby at Frankfort for acts incorporating Newport and creating Campbell County, Kentucky. The legislature established the county on December 17, 1794 from parts of Mason, Scott and Harrison Counties. On December 14, 1795 it approved Newport's charter. James Taylor V and Keturah Moss Leitch were married on November 15, 1795. James and Keturah Taylor had 11 children, but only four survived to maturity.
In 1803, James Taylor V solicited the help of his cousin, James Madison, who was then U.S. Secretary of State, to persuade the federal government to move the Ft. Washington military post from Cincinnati to Newport. The Newport Barracks replaced Fort Washington across the river in Cincinnati, Ohio. There were but 4 acres (16,000 m2) in the original tract, which was bought from the old Colonel Taylor estate for the minimal price if $1. In 1806, two additional acres were bought for $47. Taylor was hired as the superintendent of the construction of the barracks. He was to erect three buildings.