Over limit warning with fewer than 1,200 records in base

I’m getting an over limit warning in a base with only 1,034 records. (Nothing is filtered.) It’s not a problem — I’ve been thinking about splitting up this base anyway. But, what gives? Is the limit 1,200 or is it something less?

Oh — never mind. I forgot that the limit is per base, not per table. The base includes a couple of additional small tables that takes it over the limit.