Yes, taunt is a Scrabble word!
...and is worth 5 points in Scrabble, and 7 points in Words with Friends
taunt
Verb
1. Harass with persistent criticism or carping
Noun
1. Aggravation by deriding or mocking or criticizing
What Scrabble words can I make with the letters in taunt?
4 Letter Words
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3 Letter Words
2 Letter Words