An electronic timer system includes a counter-based time generator (10) for continuously generating raw base time, and a translator (20) for translating between raw base time and local precise time using configurable parameter values. The timer system can be used for generating local precise time by capturing a raw base time value from the counter-based time generator (10) in response to an external event such as a trigger pulse, and using the translator (20) to calculate local precise time from the raw base time value and the parameter values. The timer system can also be used for generating a precisely timed output signal using the translator (20) for translation from precise time of a desired timing event to raw base time. This novel design enables simple and cost-effective practical implementations, and may also support power effective operation of the timer system.