An improved deflator valve is described herein. The deflator valve has a main body with one or more ports, one or more vents, or port or vent slots for introducing air into or relieving pressure from within the main body in a vortex, circular flow. The deflator valve also includes a piston having an O-ring disposed around an outer circumference of the piston. The O-ring of the piston and the ports and vents are effective for reducing noise and deflation time and improving accuracy and ease of adjusting a pressure setting. The deflator valve can further include a dual or variable rate spring that can achieve an extensive destination pressure range. The deflator valve can also include a threadless lead in, fewer valve stem threads, or a lock chuck for enhanced valve stem attachment methods.