The televised game was due to be the first of four in a row in South Yorkshire – the only one not at the New York Stadium being Sunday's game at Sheffield Wednesday.
And although newly-promoted Ipswich have had an excellent start to the season and went into the game as the Championship's top scorers, the Millers' win at home to Norwich City showed they can mix it with big Championship clubs on their own turf.
But when the River Don burst its bank in the face of relentless rain on Friday, the match was postponed for safety reasons even with the recently-relaid pitch in the best condition manager Taylor claimed he had seen it in.
"It's not our decision, it's the council with the police and the local authorities," Taylor pointed out. "We were desperate to play because it was coming at a good time for us.
"Everyone's safety is absolutely paramount.
"As we were pulling into the stadium through one entrance, we were getting turned around to another.
"It's a shame for everyone. Some players were really looking forward to the game but like the supporters, hopefully they'll understand it."
Rotherham, who remain 23rd after the Owls' 1-0 defeat at Watford, are at home to last season's play-off finalists Coventry City on Wednesday, and welcome Queens Park Rangers on November 4.
"We were due to have three out of the four at home and the other one we don't have to travel," he reflected. "All games are winnable games.
"It's a huge opportunity to get back to the pack and make sure we're no longer means we're playing catch-up in the league."
Rotherham lost a game against Cardiff City last season due to a torrential downpour at half-time but Taylor was impressed with the state of the pitch this time.
"The stitching which happened a few weeks into the season has started to bed in with the natural grass," said the manager. "That is the best condition I've seen the pitch in but it's the safety aspect of the surrounding areas."