Step 1: First find \( \frac{\partial f}{\partial x}(0,y) \).
For \(y\neq 0\),
\[
\frac{\partial f}{\partial x}(0,y)
=
\lim_{h\to 0}\frac{f(h,y)-f(0,y)}{h}
\]
Step 2: Use \(f(0,y)=0\).
Since \(xy=0\) when \(x=0\), we have
\[
f(0,y)=0
\]
Therefore,
\[
\frac{\partial f}{\partial x}(0,y)
=
\lim_{h\to 0}\frac{f(h,y)}{h}
\]
Step 3: Substitute \(f(h,y)\).
\[
\frac{f(h,y)}{h}
=
4h\tan^{-1}\left(\frac{y}{2h}\right)
+
\frac{y^3}{h}\tan^{-1}\left(\frac{h}{4y^2}\right)
\]
Step 4: Evaluate the first term.
Since \( \tan^{-1}\left(\frac{y}{2h}\right) \) is bounded,
\[
\lim_{h\to 0}4h\tan^{-1}\left(\frac{y}{2h}\right)=0
\]
Step 5: Evaluate the second term.
Using
\[
\lim_{u\to 0}\frac{\tan^{-1}u}{u}=1
\]
we get
\[
\lim_{h\to 0}\frac{y^3}{h}\tan^{-1}\left(\frac{h}{4y^2}\right)
=
y^3\cdot \frac{1}{4y^2}
=
\frac{y}{4}
\]
Step 6: Hence find \( \frac{\partial f}{\partial x}(0,y) \).
\[
\frac{\partial f}{\partial x}(0,y)=\frac{y}{4}
\]
Also,
\[
\frac{\partial f}{\partial x}(0,0)=0
\]
Step 7: Differentiate with respect to \(y\) at \(0\).
\[
\left(\frac{\partial}{\partial y}\left(\frac{\partial f}{\partial x}\right)\right)_{(0,0)}
=
\lim_{y\to 0}\frac{\frac{y}{4}-0}{y}
=
\frac{1}{4}
\]
\[
\boxed{0.25}
\]