After his three difficult seasons on Merseyside Smith believes he has the personnel, injuries permitting, to transform the club from perennial relegation fighters to a mid-table outfit.
Only once since the introduction of the Premiership in 1992-93 have Everton finished higher than 13th and last season just six home wins left them in 16th position.
"We have to do far better at home this year than we did last season," said Smith. "We will have to get back on track in those terms.
"I think we have only been in the top 12 of the Premier division once since it started. So, therefore, our aim must be to try and get ourselves up into that area and show some improvement.
"Our fans are tremendous home and away and they are very passionate about the club. That's what kept them going over a very difficult period. Two seasons ago we went something like 16 games unbeaten at home and we have to get back to that for respectability."
Tonight's clash could see the introduction of Tomasz Radzinski, the £4.5million summer signing from Anderlecht. Whether the Canadian will dislodge either new captain Kevin Campbell or Duncan Ferguson up front, after the pair's outstanding contribution to the 2-1 opening day win at Charlton, remains to be seen.
Injuries blighted Everton last season - at one stage a whole XI was on the sidelines - and Saturday's match was only the sixth time Campbell and Ferguson have played together.
"If it was to happen again we would struggle badly but hopefully we are due a break in that sense," the former Rangers boss said.
"The problem last season was that we never really had a team. We were always having to change formation because of availability or lack of it. But we have a group of players who are all keen to play for Everton and as long as we make it tough for most of the teams we play against we will have the capability of scoring once we get the sharpness to our game.
"It's been a difficult three years and it's been hard to take at times. If we can keep the togetherness we will do better than we have in the past."
Walter Smith points to improved home form as the key to Everton breaking back into the Premiership’s top bracket.