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Last year of Shmita was 2007. Next year of Shmita begins in Sept. 2014. Fact two: Year of Jubilee happens in 50 year cycles, following the 7th year of Shmita. In Jubilee, all debts are supposed to be cancelled, all land is supposed to be returned to its original owner. Liberty is proclaimed throughout the land.
The least common multiple of the two calendars, called the calendar round, has 18,980 days or 73 sacred years or 52 vague years. A Maya month or uinal consists of 20 solar days or kins. The 260-day sacred year or tzolkin consists of 13 months of 20 days, while the 365-day vague year or haab, consists of 18 months of 20 days, called the tun, followed by an intercalary month of five days called the uayeb. Longer cycles can be incorporated in the Maya calendar. A katun consists of 20 tun (about 19.7 years), a baktun of 20 katuns (about 395 years), a pictun of 20 baktuns (about 78.9 centuries), a calabtun of 20 pictuns (about 158 millennia), and a kinchiltun of 20 calabtuns (about 3.16 million years).