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Shire-reckoning (SR) is the calendar system hobbits used. However, hobbits in the Shire and hobbits in Bree counted differently.

In the Shire, SR 1 equals Third Age (TA) 1601, when Marcho and Blanco from Bree founded what is now the Shire. It can be noted that hobbits usually ignored the Fourth Age, starting SR 14200, and carried on in their own way as they usually do.

However, in Bree, SR 1 corresponds to TA 1300.

Ref: Shire-reckoning