For the second time in her career, Taylor was voted CMA Entertainer of the Year. The country star won the honor in 2009 and again at the 2011 ceremony on Wednesday night.
"I'm so happy right now!" Taylor exclaimed during her acceptance speech. "This is thanks to all the fans who filled up those stadiums and arenas all over the world this year. Thank you so much. This is amazing!"
The 21-year-old star also made it a point to thank the many artists that have joined her on stage during her Speak Now tour, naming each one from notes scrawled on her arm. Of course, she also went on to thank her fans. "I'm so happy we had so many to play for this year," she added. "You have made my year. Thank you so much!"
Taylor beat out Jason Aldean, Brad Paisley, Blake Shelton and Keith Urban for the coveted award, and joins Barbara Mandrell as the only other female artist in CMA history who has been named Entertainer of the Year twice.
Meanwhile, The Band Perry scored three trophies, including New Artist of the Year, and both Song and Single of the Year for their hit single 'If I Die Young.' "I truly believe that [the song] would've been written with or without me," Kimberly Perry said from the stage. "It just always felt like a song that was meant to be here."
Other big winners of the night included Blake Shelton, who scored Male Vocalist of the Year, and his wife, Miranda Lambert, who won Female Vocalist of the Year. Sugarland won the Vocal Duo of the Year award for the fifth time, and Lady Antebellum earned Vocal Group of the Year for the third consecutive time.
Meanwhile, Jason Aldean took home Album of the Year, as well as Musical Event of the Year for his duet with Kelly Clarkson, 'Don't You Wanna Stay.' For a full list of winners and more photos from the big night, visit The Boot.