diff --git a/src/generic/data/api.js b/src/generic/data/api.js
index 7257fb689..c00e302ef 100644
--- a/src/generic/data/api.js
+++ b/src/generic/data/api.js
@@ -1,3 +1,4 @@
+// @ts-check
 import { camelCaseObject, getConfig } from '@edx/frontend-platform';
 import { getAuthenticatedHttpClient } from '@edx/frontend-platform/auth';
 
@@ -9,8 +10,8 @@ export const getCourseRerunUrl = (courseId) => new URL(`/api/contentstore/v1/cou
 export const getOrganizationsUrl = () => new URL('organizations', getApiBaseUrl()).href;
 
 /**
- * Get's organizations data.
- * @returns {Promise<Object>}
+ * Get's organizations data. Returns list of organization names.
+ * @returns {Promise<string[]>}
  */
 export async function getOrganizations() {
   const { data } = await getAuthenticatedHttpClient().get(
@@ -32,7 +33,7 @@ export async function getCourseRerun(courseId) {
 
 /**
  * Create or rerun course with data.
- * @param {object} data
+ * @param {object} courseData
  * @returns {Promise<Object>}
  */
 export async function createOrRerunCourse(courseData) {
diff --git a/src/generic/data/apiHooks.js b/src/generic/data/apiHooks.js
new file mode 100644
index 000000000..5640878b2
--- /dev/null
+++ b/src/generic/data/apiHooks.js
@@ -0,0 +1,15 @@
+// @ts-check
+import { useQuery } from '@tanstack/react-query';
+import { getOrganizations } from './api';
+
+/**
+ * Builds the query to get a list of available organizations
+ */
+export const useOrganizationListData = () => (
+  useQuery({
+    queryKey: ['organizationList'],
+    queryFn: () => getOrganizations(),
+  })
+);
+
+export default useOrganizationListData;
diff --git a/src/taxonomy/TaxonomyListPage.jsx b/src/taxonomy/TaxonomyListPage.jsx
index c80a39332..e2cf4ac45 100644
--- a/src/taxonomy/TaxonomyListPage.jsx
+++ b/src/taxonomy/TaxonomyListPage.jsx
@@ -1,4 +1,5 @@
-import React, { useContext } from 'react';
+import React, { useContext, useState } from 'react';
+import PropTypes from 'prop-types';
 import {
   Button,
   CardView,
@@ -8,9 +9,12 @@ import {
   OverlayTrigger,
   Spinner,
   Tooltip,
+  SelectMenu,
+  MenuItem,
 } from '@edx/paragon';
 import {
   Add,
+  Check,
 } from '@edx/paragon/icons';
 import { useIntl } from '@edx/frontend-platform/i18n';
 import { Helmet } from 'react-helmet';
@@ -20,8 +24,12 @@ import messages from './messages';
 import TaxonomyCard from './taxonomy-card';
 import { getTaxonomyTemplateApiUrl } from './data/api';
 import { useTaxonomyListDataResponse, useIsTaxonomyListDataLoaded, useDeleteTaxonomy } from './data/apiHooks';
+import { useOrganizationListData } from '../generic/data/apiHooks';
 import { TaxonomyContext } from './common/context';
 
+const ALL_TAXONOMIES = 'All taxonomies';
+const UNASSIGNED = 'Unassigned';
+
 const TaxonomyListHeaderButtons = () => {
   const intl = useIntl();
   return (
@@ -64,10 +72,75 @@ const TaxonomyListHeaderButtons = () => {
   );
 };
 
+const OrganizationFilterSelector = ({
+  isOrganizationListLoaded,
+  organizationListData,
+  selectedOrgFilter,
+  setSelectedOrgFilter,
+}) => {
+  const intl = useIntl();
+  const isOrgSelected = (value) => (value === selectedOrgFilter ? <Check /> : null);
+  const selectOptions = [
+    <MenuItem
+      key="all-orgs-taxonomies"
+      className="x-small"
+      iconAfter={() => isOrgSelected(ALL_TAXONOMIES)}
+      onClick={() => setSelectedOrgFilter(ALL_TAXONOMIES)}
+    >
+      { isOrgSelected(ALL_TAXONOMIES)
+        ? intl.formatMessage(messages.orgInputSelectDefaultValue)
+        : intl.formatMessage(messages.orgAllValue)}
+    </MenuItem>,
+    <MenuItem
+      key="unassigned-taxonomies"
+      className="x-small"
+      iconAfter={() => isOrgSelected(UNASSIGNED)}
+      onClick={() => setSelectedOrgFilter(UNASSIGNED)}
+    >
+      { intl.formatMessage(messages.orgUnassignedValue) }
+    </MenuItem>,
+  ];
+
+  if (isOrganizationListLoaded && organizationListData) {
+    organizationListData.forEach(org => (
+      selectOptions.push(
+        <MenuItem
+          key={`${org}-taxonomies`}
+          className="x-small"
+          iconAfter={() => isOrgSelected(org)}
+          onClick={() => setSelectedOrgFilter(org)}
+        >
+          {org}
+        </MenuItem>,
+      )
+    ));
+  }
+
+  return (
+    <SelectMenu
+      className="flex-d x-small taxonomy-orgs-filter-selector"
+      variant="tertiary"
+      defaultMessage={intl.formatMessage(messages.orgInputSelectDefaultValue)}
+      data-testid="taxonomy-orgs-filter-selector"
+    >
+      { isOrganizationListLoaded
+        ? selectOptions
+        : (
+          <Spinner
+            animation="border"
+            size="xl"
+            screenReaderText={intl.formatMessage(messages.usageLoadingMessage)}
+          />
+        )}
+    </SelectMenu>
+  );
+};
+
 const TaxonomyListPage = () => {
   const intl = useIntl();
   const deleteTaxonomy = useDeleteTaxonomy();
   const { setToastMessage } = useContext(TaxonomyContext);
+  const [selectedOrgFilter, setSelectedOrgFilter] = useState(ALL_TAXONOMIES);
 
   const onDeleteTaxonomy = React.useCallback((id, name) => {
     deleteTaxonomy({ pk: id }, {
@@ -80,17 +153,26 @@ const TaxonomyListPage = () => {
     });
   }, [setToastMessage]);
 
+  const {
+    data: organizationListData,
+    isSuccess: isOrganizationListLoaded,
+  } = useOrganizationListData();
+
   const useTaxonomyListData = () => {
-    const taxonomyListData = useTaxonomyListDataResponse();
-    const isLoaded = useIsTaxonomyListDataLoaded();
+    const taxonomyListData = useTaxonomyListDataResponse(selectedOrgFilter);
+    const isLoaded = useIsTaxonomyListDataLoaded(selectedOrgFilter);
     return { taxonomyListData, isLoaded };
   };
   const { taxonomyListData, isLoaded } = useTaxonomyListData();
 
   const getOrgSelect = () => (
-    // Organization select component
-    // TODO Add functionality to this component
-    undefined
+    // Initialize organization select component
+    <OrganizationFilterSelector
+      isOrganizationListLoaded={isOrganizationListLoaded}
+      organizationListData={organizationListData}
+      selectedOrgFilter={selectedOrgFilter}
+      setSelectedOrgFilter={setSelectedOrgFilter}
+    />
   );
 
   return (
@@ -158,6 +240,13 @@ const TaxonomyListPage = () => {
   );
 };
 
+OrganizationFilterSelector.propTypes = {
+  isOrganizationListLoaded: PropTypes.bool.isRequired,
+  organizationListData: PropTypes.arrayOf(PropTypes.string).isRequired,
+  selectedOrgFilter: PropTypes.string.isRequired,
+  setSelectedOrgFilter: PropTypes.func.isRequired,
+};
+
 TaxonomyListPage.propTypes = {};
 
 export default TaxonomyListPage;
diff --git a/src/taxonomy/TaxonomyListPage.scss b/src/taxonomy/TaxonomyListPage.scss
new file mode 100644
index 000000000..b501e8a84
--- /dev/null
+++ b/src/taxonomy/TaxonomyListPage.scss
@@ -0,0 +1,7 @@
+.taxonomy-orgs-filter-selector {
+  // Without this, the default bold styling for the focused option
+  // in the org select menu is too thick
+  .pgn__menu-item:focus {
+    font-weight: bold;
+  }
+}
diff --git a/src/taxonomy/TaxonomyListPage.test.jsx b/src/taxonomy/TaxonomyListPage.test.jsx
index c7a634d29..fdf581afa 100644
--- a/src/taxonomy/TaxonomyListPage.test.jsx
+++ b/src/taxonomy/TaxonomyListPage.test.jsx
@@ -1,6 +1,10 @@
 import React, { useMemo } from 'react';
+import MockAdapter from 'axios-mock-adapter';
+import { QueryClient, QueryClientProvider } from '@tanstack/react-query';
 import { IntlProvider, injectIntl } from '@edx/frontend-platform/i18n';
 import { initializeMockApp } from '@edx/frontend-platform';
+import { getAuthenticatedHttpClient } from '@edx/frontend-platform/auth';
+
 import { AppProvider } from '@edx/frontend-platform/react';
 import { act, render, fireEvent } from '@testing-library/react';
 
@@ -11,6 +15,8 @@ import { useTaxonomyListDataResponse, useIsTaxonomyListDataLoaded } from './data
 import { TaxonomyContext } from './common/context';
 
 let store;
+let axiosMock;
+const queryClient = new QueryClient();
 const mockSetToastMessage = jest.fn();
 const mockDeleteTaxonomy = jest.fn();
 const taxonomies = [{
@@ -18,6 +24,8 @@ const taxonomies = [{
   name: 'Taxonomy',
   description: 'This is a description',
 }];
+const organizationsListUrl = 'http://localhost:18010/organizations';
+const organizations = ['Org 1', 'Org 2'];
 
 jest.mock('./data/apiHooks', () => ({
   useTaxonomyListDataResponse: jest.fn(),
@@ -39,14 +47,16 @@ const RootWrapper = () => {
     <AppProvider store={store}>
       <IntlProvider locale="en" messages={{}}>
         <TaxonomyContext.Provider value={context}>
-          <TaxonomyListPage intl={injectIntl} />
+          <QueryClientProvider client={queryClient}>
+            <TaxonomyListPage intl={injectIntl} />
+          </QueryClientProvider>
         </TaxonomyContext.Provider>
       </IntlProvider>
     </AppProvider>
   );
 };
 
-describe('<TaxonomyListPage />', async () => {
+describe('<TaxonomyListPage />', () => {
   beforeEach(async () => {
     initializeMockApp({
       authenticatedUser: {
@@ -57,6 +67,8 @@ describe('<TaxonomyListPage />', async () => {
       },
     });
     store = initializeStore();
+    axiosMock = new MockAdapter(getAuthenticatedHttpClient());
+    axiosMock.onGet(organizationsListUrl).reply(200, organizations);
   });
 
   it('should render page and page title correctly', () => {
@@ -118,4 +130,75 @@ describe('<TaxonomyListPage />', async () => {
     expect(mockDeleteTaxonomy).toBeCalledTimes(1);
     expect(mockSetToastMessage).toBeCalledWith(`"${taxonomies[0].name}" deleted`);
   });
+
+  it('should show all "All taxonomies", "Unassigned" and org names in taxonomy org filter', async () => {
+    useIsTaxonomyListDataLoaded.mockReturnValue(true);
+    useTaxonomyListDataResponse.mockReturnValue({
+      results: taxonomies,
+    });
+
+    const {
+      getByTestId,
+      getByText,
+      getByRole,
+      getAllByText,
+    } = render(<RootWrapper />);
+
+    expect(getByTestId('taxonomy-orgs-filter-selector')).toBeInTheDocument();
+    // Check that the default filter is set to 'All taxonomies' when page is loaded
+    expect(getByText('All taxonomies')).toBeInTheDocument();
+
+    // Open the taxonomies org filter select menu
+    fireEvent.click(getByRole('button', { name: 'All taxonomies' }));
+
+    // Check that the select menu shows 'All taxonomies' option
+    // along with the default selected one
+    expect(getAllByText('All taxonomies').length).toBe(2);
+    // Check that the select manu shows 'Unassigned' option
+    expect(getByText('Unassigned')).toBeInTheDocument();
+    // Check that the select menu shows the 'Org 1' option
+    expect(getByText('Org 1')).toBeInTheDocument();
+    // Check that the select menu shows the 'Org 2' option
+    expect(getByText('Org 2')).toBeInTheDocument();
+  });
+
+  it('should fetch taxonomies with correct params for org filters', async () => {
+    useIsTaxonomyListDataLoaded.mockReturnValue(true);
+    useTaxonomyListDataResponse.mockReturnValue({
+      results: taxonomies,
+    });
+
+    const { getByRole } = render(<RootWrapper />);
+
+    // Open the taxonomies org filter select menu
+    const taxonomiesFilterSelectMenu = await getByRole('button', { name: 'All taxonomies' });
+    fireEvent.click(taxonomiesFilterSelectMenu);
+
+    // Check that the 'Unassigned' option is correctly called
+    fireEvent.click(getByRole('link', { name: 'Unassigned' }));
+
+    expect(useTaxonomyListDataResponse).toBeCalledWith('Unassigned');
+
+    // Open the taxonomies org filter select menu again
+    fireEvent.click(taxonomiesFilterSelectMenu);
+
+    // Check that the 'Org 1' option is correctly called
+    fireEvent.click(getByRole('link', { name: 'Org 1' }));
+    expect(useTaxonomyListDataResponse).toBeCalledWith('Org 1');
+
+    // Open the taxonomies org filter select menu again
+    fireEvent.click(taxonomiesFilterSelectMenu);
+
+    // Check that the 'Org 2' option is correctly called
+    fireEvent.click(getByRole('link', { name: 'Org 2' }));
+    expect(useTaxonomyListDataResponse).toBeCalledWith('Org 2');
+
+    // Open the taxonomies org filter select menu again
+    fireEvent.click(taxonomiesFilterSelectMenu);
+
+    // Check that the 'All' option is correctly called, it should show as
+    // 'All' rather than 'All taxonomies' in the select menu since its not selected
+    fireEvent.click(getByRole('link', { name: 'All' }));
+    expect(useTaxonomyListDataResponse).toBeCalledWith('All taxonomies');
+  });
 });
diff --git a/src/taxonomy/data/api.js b/src/taxonomy/data/api.js
index 95a675ba4..be3c276e1 100644
--- a/src/taxonomy/data/api.js
+++ b/src/taxonomy/data/api.js
@@ -9,7 +9,11 @@ export const getTaxonomyListApiUrl = (org) => {
   url.searchParams.append('enabled', 'true');
   url.searchParams.append('page_size', '500'); // For the tagging MVP, we don't paginate the taxonomy list
   if (org !== undefined) {
-    url.searchParams.append('org', org);
+    if (org === 'Unassigned') {
+      url.searchParams.append('unassigned', 'true');
+    } else if (org !== 'All taxonomies') {
+      url.searchParams.append('org', org);
+    }
   }
   return url.href;
 };
diff --git a/src/taxonomy/data/api.test.js b/src/taxonomy/data/api.test.js
index b95ed9a57..dc277db8d 100644
--- a/src/taxonomy/data/api.test.js
+++ b/src/taxonomy/data/api.test.js
@@ -45,8 +45,12 @@ describe('taxonomy api calls', () => {
     window.location = location;
   });
 
-  it('should get taxonomy list data with org', async () => {
-    const org = 'testOrg';
+  it.each([
+    undefined,
+    'All taxonomies',
+    'Unassigned',
+    'testOrg',
+  ])('should get taxonomy list data for \'%s\' org filter', async (org) => {
     axiosMock.onGet(getTaxonomyListApiUrl(org)).reply(200, taxonomyListMock);
     const result = await getTaxonomyListData(org);
 
diff --git a/src/taxonomy/data/apiHooks.jsx b/src/taxonomy/data/apiHooks.jsx
index 827057ea3..eea6d5d9f 100644
--- a/src/taxonomy/data/apiHooks.jsx
+++ b/src/taxonomy/data/apiHooks.jsx
@@ -20,7 +20,7 @@ import { getTaxonomyListData, deleteTaxonomy } from './api';
  */
 const useTaxonomyListData = (org) => (
   useQuery({
-    queryKey: ['taxonomyList'],
+    queryKey: ['taxonomyList', org],
     queryFn: () => getTaxonomyListData(org),
   })
 );
diff --git a/src/taxonomy/index.scss b/src/taxonomy/index.scss
index 3655a35bc..13642488e 100644
--- a/src/taxonomy/index.scss
+++ b/src/taxonomy/index.scss
@@ -1,3 +1,4 @@
+@import "taxonomy/TaxonomyListPage";
 @import "taxonomy/taxonomy-card/TaxonomyCard";
 @import "taxonomy/delete-dialog/DeleteDialog";
 @import "taxonomy/system-defined-badge/SystemDefinedBadge";
diff --git a/src/taxonomy/messages.js b/src/taxonomy/messages.js
index ace08d33d..7987eb525 100644
--- a/src/taxonomy/messages.js
+++ b/src/taxonomy/messages.js
@@ -29,6 +29,14 @@ const messages = defineMessages({
     id: 'course-authoring.taxonomy-list.select.org.default',
     defaultMessage: 'All taxonomies',
   },
+  orgAllValue: {
+    id: 'course-authoring.taxonomy-list.select.org.all',
+    defaultMessage: 'All',
+  },
+  orgUnassignedValue: {
+    id: 'course-authoring.taxonomy-list.select.org.unassigned',
+    defaultMessage: 'Unassigned',
+  },
   usageLoadingMessage: {
     id: 'course-authoring.taxonomy-list.spinner.loading',
     defaultMessage: 'Loading',