It means the Kiwis have levelled the series at 2-2 with one match to play in Christchurch on Saturday.
After being put into bat by New Zealand skipper Kane Williamson the England top order took to the New Zealand bowlers in the first 35 overs and were on course for a total of 400 at one stage with the tourists 267 for one in the 37th over.
Taylor could only watch from the non-striker's end as Nicholls faced two dot balls, before finally clipping a leg-stump half volley over the square leg boundary to ensure victory for New Zealand.
Ross Taylor set the record books on fire with his 181-run knock by recording New Zealand's highest individual ODI score in a run-chase. New Zealand chased down 336 runs in just 49.3 overs with lose of 5 wicket. His first four balls were smashed for 15 runs to leave the Black Caps needing a run a ball from the final six overs.
Taylor scored his 19th ODI century in his 190th innings in this format which are the 5th fewest among the 15 players who have scored as many hundreds. England then exerted itself and shut down the run flow for more than an over, tipping the balance of the match in its favour.
Trump says USA will `counteract´ any Russian meddling in 2018 elections
You don't want your system of votes to be compromised in any way. "So we'll see what happens". "You have to be very vigilant". Wrong! People will always come & go, and I want strong dialogue before making a final decision".
Bairstow clubbed some absolutely massive sixes.
He hit 17 fours and six sixes, appearing near- untouchable as the Kiwis chased down England's 335-9 total with three balls left. After all, it was the Black Caps' all-rounder who dropped him at cover when he was on 74. England regained the upper hand with a piece of good fortune, when Santner (41) was run out at the non-striker's end in the 46th over. However, it heralded an epic England collapse, with the next seven wickets falling for 38 runs.
This was the highest of his 19 one-day global centuries and his second in this series to follow the one at Hamilton that gave New Zealand victory in the opening game. Eoin Morgan and Ben Stokes were caught attempting big shots, Buttler was caught and bowled by Sodhi and the slow bowler's flight deceived Moeen as he returned figures of 4-58.
This former New Zealand captain used to be a six-hitting machine for almost half of his career before he changed his game.
Taylor's innings is also the 3rd highest individual ODI score for New Zealand and is also the 2nd highest by a player batting at No.4 and a lower position. "It was an outstanding partnership with him and Tom Latham".