(1) For purposes of this section, “packinghouse” means any building, structure, or place where fruits or vegetables are packed or otherwise prepared for market or shipment in fresh form, if such building, structure, or place is located on, or contiguous with, land with an agricultural classification.
(2) For purposes of the income methodology approach to assessment of property used for agricultural purposes, packinghouses and the land on which they are located, if used exclusively for the processing of fruit or vegetable products harvested from agricultural land that is owned by the owner of the packinghouse, shall be considered a part of the average yields per acre and shall have no separately assessable contributory value.
(3) To qualify for assessment under this section, the land on which the packinghouse is located and the land from which the agricultural products are harvested must share common ownership, either directly or through related and wholly owned partnerships, associations, corporations, organizations, trusts, or other legal entity or subsidiary formed for the purpose of owning real property in this state.
(4) In years in which proper application for agricultural assessment has not been made, the property shall be assessed under the provisions of s. 193.011. 