A fabric treating appliance includes a rotatable basket defining a treating chamber for receiving a load of laundry items for treatment. A float valve can be incorporated into the basket structure, selectively opening or closing the valve based upon the liquid level in a tub. As liquid fills the tub, the float valve will rise until it moves into a closed position, permitting the basket and treating chamber to fill with liquid. As the tub drain, the float valve can fall, opening the valve and permitting liquid to drain from the basket or treating chamber. The opened or closed positions can be selectively operated by opening or closing a pump or sump and allowing a tub to drain or fill, respectively.