Over the past decade, Graph Neural Networks (GNNs) have achieved great success on machine learning tasks with relational data. However, recent studies have found that heterophily can cause significant performance degradation of GNNs, especially on node-level tasks. Numerous heterophilic benchmark datasets have been put forward to validate the efficacy of heterophily-specific GNNs and various homophily metrics have been designed to help people recognize these malignant datasets. Nevertheless, there still exist multiple pitfalls that severely hinder the proper evaluation of new models and metrics. In this paper, we point out three most serious pitfalls: 1) a lack of hyperparameter tuning; 2) insufficient model evaluation on the real challenging heterophilic datasets; 3) missing quantitative evaluation benchmark for homophily metrics on synthetic graphs. To overcome these challenges, we first train and fine-tune baseline models on $27$ most widely used benchmark datasets, categorize them into three distinct groups: malignant, benign and ambiguous heterophilic datasets, and identify the real challenging subsets of tasks. To our best knowledge, we are the first to propose such taxonomy. Then, we re-evaluate $10$ heterophily-specific state-of-the-arts (SOTA) GNNs with fine-tuned hyperparameters on different groups of heterophilic datasets. Based on the model performance, we reassess their effectiveness on addressing heterophily challenge. At last, we evaluate $11$ popular homophily metrics on synthetic graphs with three different generation approaches. To compare the metrics strictly, we propose the first quantitative evaluation method based on Fr\'echet distance.