Rangers were trailing to a shock opener from Coventry’s Marlon King when Taarabt equalised with another dazzling solo effort to add to his growing collection.
The Moroccan maestro left two defenders trailing before unleashing an unstoppable curler into the corner of the net for his 13th goal of the season.
And there was more to come 11 minutes from time when Taarabt lofted a pass with the precision of a sand wedge into the path of Wayne Routledge, who marked his second Rangers debut with the winner.
Former Sheffield United boss Warnock has somehow managed to bring the best out of a talented but temperamental individual where a succession of previous managers at Loftus Road and Taarabt’s former club Tottenham failed.
“Either goal was fit to win any game,” Warnock said. “And you won’t see a better ball for the second anywhere in the world.
“There’s baggage with him and he’ll make some mistakes. He was bombed out by the previous two managers here and rightly so.
“But it couldn’t be better for me at this time of my career and I think I’m the right manager for him.
“My son bought his mate today just to see Taarabt. He thinks he should be playing for Real Madrid. And he could, but first of all he’s got to help me.”
King tapped Coventry into a 25th-minute lead from Gary McSheffrey’s cross and they could have had more, with Freddy Eastwood dragging a shot wide and Paddy Kenny pulling off a fine save to deny Lukas Jutkiewicz .
But City boss Aidy Boothroyd was also in no doubt where the game was won and lost.
“The difference was Taarabt,” he said. “He’s an exceptional player, I was tempted to run on and kick him myself at one stage. He was absolutely terrific.
“How do you stop him? I’m not really bothered now, we’ve played them twice.
!He didn’t do much at our place and I don’t think he did too much today, but then suddenly he hits a 40-yard pass with the outside of his foot and you have to admire it.
“With that talent you have to ask why is he here?”
Rangers early-season promotion charge may have slowed down to more of a canter - this was only their third win in eight outings.
But Warnock is in bullish mood for the promotion run-in.
“We’ve had a difficult run but we’ve come through that and got our zest back,” he added. “And I think there is more to come from us yet.”