Corliss valves open directly into the cylinder. The valves connect the cylinder to separate steam and exhaust plenums. Initially, Corliss used slide valves with linear actuators, but by 1851, Corliss had shifted to rotary valve actuators, as documented in U.S. Patent 8253.[4] In this engine, the wrist plate was moved to the center of the cylinder side, as on later Corliss engines. This was still a beam engine, however, and the rotary valve actuators operated linear slide valves inside the four valve chests of the engine.

Corliss valves are in the form of a minor circular segment, rotating inside a cylindrical valve-face. Their actuating mechanism is off along the axis of the valve, thus they have little "dead space" such as the stem of a poppet valve and the entire port area can be used efficiently for gas flow.

As the area of a Corliss valve is small compared to the port area, the effects of gas flow generate relatively little torque on the valve axle compared to some other sorts of valve. These advantages have led to the Corliss form of valve being used in other roles, apart from steam engines with Corliss gear.

The Rolls-Royce Merlin aero-engine used a rectangular butterfly valve as a throttle. Gas-flow forces acting asymmetrically on this butterfly could lead to poor control of the power in some circumstances. Late models, from the 134, used a Corliss throttle valve instead to avoid this problem.