Yes- the current tires I have on it are 98. Its going to be lowered street truck. I cant seem to find any low profile tires with a rating over 97 in a 16" tire size with low profile tires. I would like to be able to tow and haul light weight also though.As far as I know, the load rating for OEM tires on a 2016 2WD Taco is 98 or 99.
A lower 96 load rating means you wouldn't be certifiably able to safely haul weight / loads approaching - much less at - your OEM weight / payload limits.
More simply stated ... if you expect to use your truck as a truck, the safest thing to do is always use tires with a load rating equal or higher than the OEM spec's.